Monday 10 October 2011

Food price volatility may increase

10 October 2011, Rome - Food price volatility featuring high prices is likely to continue and possibly increase, making poor farmers, consumers and countries more vulnerable to poverty and food insecurity, the United Nations' three Rome-based agencies said in the global hunger report published today.  

Small, import-dependent countries, particularly in Africa, are especially at risk.  Many of them still face severe problems following the world food and economic crises of 2006-2008, the UN Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP) said in "The State of Food Insecurity in the World 2011" (SOFI), an annual flagship report which they jointly produced this year.

Such crises, including in the Horn of Africa, "are challenging our efforts to achieve the Millennium Development Goal (MDG) of reducing the proportion of people who suffer from hunger by half in  2015," the heads of the three agencies — Jacques Diouf of FAO, Kanayo F. Nwanze of IFAD and Josette Sheeran of WFP — warned in a preface to the report.  

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