FAO Warns of Another Food Crisis

The U.N.'s Food and Agriculture Organization (FAO) released the latest edition of its Food Outlook report in November and warned  that international food import bills could pass the one trillion dollar mark, and that the world should "prepare for harder times ahead unless production of major food crops increases significantly in 2011."  The FAO’s report cited poor harvests as the principal reason for the latest food crisis. In June of this year, the FAO forecast that world cereal production would rise by 1.2 percent, but the latest report indicates that it will contract by 2.0 percent. The FAO's outlook is consistent with another forecast issued earlier by the U.S. Department of Agriculture.

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