Dutch bank predicts world food shortages
The world faces a period of increasing food shortages over the next ten years, according to a report by Rabobank presented in Washington on Sunday.
Food production will not be able to keep up with population growth, and food commodity prices will fluctuate sharply, the Dutch bank predicts.
All major players in the production chain will need to work together to double sustainable food production, says Rabobank, if there is to be sufficient food to meet the needs of the world in 2050. By then the world population will have risen to nine billion, yet the amount of water, agricultural land, fossil fuels and fertilizers available to farmers will have halved.
The bank sees the solution in innovation in agriculture and further reductions in export duties on agricultural products. This would allow for agricultural production in the most efficient locations in the most efficient way, the report says.
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