If this doubling is in REAL terms, then it's significant - though food prices will double a whole lot sooner than that, imo. I could see them doubling in TWO years - or whenever it is that peak oil begins to have its way with us.
If, on the other hand, this article is talking about NOMINAL prices, then its prediction is almost one of optimism. I have to wonder what, exactly, the author thinks occurred in the LAST twenty years??
But then, a little further down, the author has to go and bring up the "climate change" bogeyman, which is a good indication that his thought processes aren't terribly logical.
Food prices set to double by 2030, aid group says
925 million people go hungry every day, according to Oxfam report
msnbc.com news services
May 31, 2011
A worker carries a bundle of rice stalks in a rice field in the Gowa district of
Indonesia's South Sulawesi province on May 7. Food prices could double in the
next 20 years and demand in 2050 will be 70 percent higher than now, UK charity
Oxfam SAYS.
LONDON — Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now, U.K. charity Oxfam said on Tuesday, warning of worsening hunger as the global food economy stumbles close to breakdown.
"The food system is pretty well bust in the world," Oxfam Chief Executive Barbara Stocking told reporters, announcing the launch of the Grow campaign as 925 million people go hungry every day.
Full article: http://www.msnbc.msn.com/id/43221576/ns/business-consumer_news/
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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