Now, food prices to take toll on Britons

Top Stories

»	India's fisheries sector draws Rs 39,272 crore investment since 2015, seafood exports double
»	India’s exports to Australia more than double after bilateral trade pact
»	India IPO market hits highest Q1 since 2018, raises $2.5 billion
»	India’s defence exports surge 62.6 pc to Rs 38,424 crore in FY26, reach over 80 countries
»	Stocks fall, oil prices jumps after Trump's Iran speech

IANS | 29 Aug, 2012
British families, already facing difficult times due to a financial crunch, may have to further cope with much harsher times as they would have to spend more on food following a poor harvest which has pushed up prices worldwide.

The cost of basic food products is rising because of a drought in the US and poor crops in Russia and eastern Europe, Daily Express reported.

According to Jose Graziano Da Silva, head of the UN Food and Agriculture Organisation, food prices could reach a crisis point next year if harvests in the southern hemisphere are poor.

At a conference in Sweden on water resources Monday, Da Silva called on G-20 nations, producing up to 95 percent of crops hit by price rises, to take "coordinated action".

A third of all food production is lost due to poor storage in developing countries or waste in rich nations, Da Silva added.

The G20 is set to discuss food prices this week but no decisions are expected before September when a report on grain supply is due.