Thursday, May 15, 2008

Food prices are not going to get cheaper

Falling productivity and high oil prices are likely to keep global food prices at elevated levels for another decade. The effective measure in the South Asian region will be a pro-poor and pro-agriculture approach with "coordinated and cohesive" policies and implementation. The global bank has already increased its South Asian commitment for agriculture to $ one billion from $ 300 million last year.
A substantial part of these funds will be diverted towards R&D to improve the farm productivity and developed high quality seeds.

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