Avoiding another food price bubble

3 Dec 2008

In another 12 years, 16 million more children could be malnourished at a time when even fewer people will be able to afford staple cereals like maize, rice and wheat, which would cost between 13% and 27% more. This is the bleak scenario of a world in recessionary mode, with declining investment in food production, painted by a food policy think-tank.

The US-based International Food Policy Research Institute (IFPRI) released its analysis of the double impact of the food price and financial crises on agriculture and the poor in the Mozambican capital, Maputo, at the annual general meeting of the Consultative Group on International Agricultural Research (CGIAR), which works to achieve sustainable food security and reduce poverty in developing countries through scientific research.

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