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UN Food and Agriculture Org. warns of food prices rise over next decade

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The UN’s Food and Agriculture Organisation has warned food prices across the globe are set to rise by as much as 40 per cent over the next decade. Rising costs in farm production, and less available land are mostly to blame. But as Ray Kuka reports, new technologies and stronger relationships in global trade should solve any potential food shortage.
Farms like this are becoming more and more precious.
As developing countries become more wealthy, demand for food is growing.
The UN’s Food and Agriculture Organisation says the world is facing a situation where demand outgrows production.
Kenneth Ash, OECD Director of Trade and Agriculture, said, "It’s not about being optimistic or pessimistic, the key message is the markets have fundamentally changed."
Rising production costs, less available farmland, and environmental factors are mostly to blame.