World needs $30 Bn to feed itself evey year: FAO chief

Thursday, 26 June 2008, 13:23 Hrs
Printer Print Email Email
Innsbruck: Up to $30 billion are needed annually to guarantee that the world population will be sufficiently fed up to 2050, the head of the UN food organization has said ahead of an international conference.

European countries, development banks and the World Bank had pledged 7 billion euros (about $10.88 billion) at a summit meeting on food security in Rome in early June, Austrian news agency APA reported Food and Agriculture Organization (FAO) Director General Jacques Diouf as saying here Wednesday.

Speaking ahead of a FAO regional conference for Europe, Diouf predicted that food prices would remain high. Sustained demand for foodstuffs, problems created by climate change and low stocks contributed to this trend, he said.

At the FAO conference, to take place June 26-27, member states will discuss how to support emerging nations in Europe and central Asia whose recent agricultural growth is threatened by climate change and rising staple food prices.
Source: IANS
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..