Age of low-cost food is over study warns; Third of world’s food is currently being wasted
Jan 25th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The age of low-cost food is over and the real prices of key crops is set to rise 50-100% during the next 40 years, according to a UK government report which was published on Monday. The report estimates that a third of the world’s food is currently being wasted, and that halving food waste by 2050 would have the same effect as increasing food production today by 25%.