::2030, Food Ingredients Price doubles>>

Go Finance Reporting in LONDON - Prices of basic commodities the world will more than double in the next 20 years. This is a report of an international humanitarian organization, Oxfam.

According to Oxfam, in 2030, the average cost of basic commodities will be increased by 120 to 180 percent. Oxfam estimates that half of the price increase caused by climate change. To prevent the poor from hunger, Oxfam urged world leaders to reform the global food system.

"The food system must be reformed if it wanted to overcome the challenges of climate change, soaring food prices and scarcity of land, water, and energy," said Executive Director of Oxfam, Barbara Stocking, quoted by the BBC, Tuesday (05/31/2011).

There are four points Oxfam proposed to overcome this. First, world leaders urged to increase transparency in commodity markets and regulate the futures market. In addition, make scale food reserve, ending policies that promote biofuels (biofuels) and finally, invest for small farmers, especially women.

"We are sleepwalking into a crisis that could have been avoided. One in seven people on this planet suffer from hunger every day, despite the fact that the world can feed everyone, "said Stocking.

Women and Children

In its report, Oxfam highlighted four areas that experienced food insecurity. First, Guatemala. In this Central American countries, 865 thousand people at risk of experiencing food insecurity due to lack of state investment to small farmers, which is highly dependent on imported materials. Secondly, in India. In developing economies, people spend more than twice the proportion of revenues to buy food.

Third, in Azerbaijan, wheat production fell 33% last year due to bad weather. As a result, this country had to import wheat from Russia and Kazakhstan. Food prices rose by 20 percent in December 2010, compared to the same month in 2009. Finally, in East Africa. Currently, there are eight million people who face chronic food shortages due to drought conditions.

Towards the UN Climate Summit in South Africa in December, Oxfam called on world leaders poured funds for global climate, so people can protect themselves from the impact of climate change and more ready to plant materials they need. (GoFinance)