RISING global food demand will push up prices 10-40 percent over the coming decade and governments need to boost investment to increase farm production, a forecast by two international agencies said yesterday.
Growth in food production has slowed over the past 10 years even as increasing incomes in developing countries boosted consumption, according to the UN Food and Agriculture Organization and the Organization for Economic Cooperation and Development.
“We’re observing slower growth in production and productivity, and that is a concern,” Merritt Cluff, an FAO economist, said at a news conference.
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