FAO Warns of Potential Global Food Crisis

Agricultural production of corn and wheat should be substantially expanded to meet the expected demand and to replenish world food preserves. Photo by: Reza / CC BY RezaCC BY

The world is “dangerously close” to experiencing a new food crisis, the Food and Agriculture Organization has warned.

“[Food] prices are dangerously close to the levels of 2007-08,” Abdolreza Abbassian, an economist at FAO, said according to the Washington Post.

The Rome-based agency explained that the bill for international food imports is expected to reach USD1.026 trillion by the end of the year. The bill reached an all time high of USD1.031 trillion during the 2008 food crisis.

FAO further warned that food prices could even be higher in 2011. The agency’s warnings come amid existing concerns over the rising inflation in China and India, among other emerging countries, the Washington Post notes.

Agricultural production, particularly of wheat and corn, should be substantially expanded in 2011-2012 to meet the expected demand and to replenish world food reserves, the agency recommended in its latest food outlook report.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.