Asian Development Bank report says if crop yields in major producing countries could be raised to world average, global production of wheat would rise by about 17% and rice by 23%
May 6th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Asian Development Bank (ADB) says in a new report that if crop yields in major producing countries that are below the world average could be increased at least to the world average, global production of wheat would rise by about 17%, and rice by 23%. The report says that Developing Asia needs to strike a balance between providing immediate relief to shield the poor and vulnerable against rising food prices and in the short-term ensure inputs and credit are available to spur a strong supply response over the coming crop cycles.