Food prices set to double by 2030 aid group says

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LONDON - food prices could double over the next 20 years and demand by 2050 will be in the year 70 percent higher than today, u.k. charity Oxfam, said on Tuesday, warning of a deteriorating hunger as the global food economy stumbles close to collapse.

Oxfam Chief Executive Barbara smooth, "Which food system pretty well is bust in the world," said reporters, announces the launch of 925 million people grow go hungry every day campaign.

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"All signs that the number of people go hungry to go,", stocking said.

Hunger was due to the rising inflation increase food prices and oil price hikes, mixes for land and water, and gradual climate change.

'Age of the growing crisis'
Food prices will increase expected until 2030 before taking into account the effects of climate change, which would approximately double price rises again, said Oxfam percent to something in the range of 70 to 90.

"Now we age the growing crisis, shock translates to shock entered: dizzying food price spikes and oil price hikes, devastating weather events, financial meltdowns and global contagion," Oxfam said in a report.

The report entitled "growing a better future: food justice in a resource constrained world", said: "the extent of the challenge is unprecedented, but so is the price: a sustainable future in which everyone has enough to eat."

The report is part of the debt traders, were to say that three companies control 90 percent of trade in cereals.

He said "financial speculation must be regulated, and support for biofuels, food, displace dismantled".

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Stocking said that she preferred the introduction of regulators of position limits in agricultural commodities of futures trading, pointing out that exacerbate price volatility financial speculation.

The report said: "the great imbalance of public investment in agriculture must be righted, redirect is now in unsustainable industrial agriculture in rich countries in meeting the needs of the small food producers in developing countries the billions plowed."

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The report said that flowed the failure of the food system from failures of the Government, to regulate and to invest, which meant that the companies, interest groups and elites had can to plunder resources.

"The great powers, the old and the new, now cooperate, not compete for resources, share, build resilience and climate change, address," he said.

"The economic crisis means that we have moved the era of the G8, crucial in addition when craftsmanship and for their own attempts some Governments of rich countries to global solutions."

"The Governments of poorer nations must also have a seat at the table, because they are on the front line of climate change, where many of the battles - over land, water and food - are to be tackled."

Reuters and the associated press contributed to this report.