Global food prices to remain high and volatile

rising food prices

Food prices are likely to become even more volatile in the coming years, putting to risk poor families and small farmers.

That's the stern warning given in a joint United Nations report released on Monday.

Small import dependent countries, particularly in Africa are especially most vulnerable.

The report also says that crises, including the famine in the Horn of Africa, are making it tougher to achieve the Millennium Development Goal (MDG) of reducing the number of hungry people by half by 2015.

David Dawe is a senior economist with the Food and Agriculture Organization (FAO).

“There are two main disadvantages of price volatility of food security. One is that it makes investment much riskier for farmers because farmers don't know whether they will have a profitable investment when they harvest. The second damaging effect is that what it means is very short term shocks can have a permanent effect."

Duration:  25″

Filed under Today's News.
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