Food Prices to Stay High on Underinvestment, Climate, IFAD Says
This article is for subscribers only.
Global food prices will remain high as underinvestment in agriculture over decades has left supplies unable to meet demand, according to a United Nations agency.
“We are just depleting our stocks and now we have this high population growth,” Kanayo F Nwanze, president of the International Fund for Agricultural Development, said in an interview. “Prices won’t come down overnight. They are going to stay high for some time to come.”