World Wheat Prices Seen Doubling In Next 3 Decades - IFPRI Exec
World wheat prices are expected to double in the next three decades, with an increase of up to 20% in the next decade, Joachim von Braun, director general of the International Food Policy Research Institute, told Dow Jones Newswires Monday.
Speaking on the sidelines of a Food Security conference in London, von Braun said wheat is the most “troubled” grain crop going forward due to an expected increased incidence of disease combined with a lack of yield increases.
“Poor people will not be able to afford staple foods, let alone a healthy varied diet,” said von Braun, adding that he is concerned food availability will become a major problem again following food price spikes in 2007-08.
“The probability of another spike in the next four years is fairly high because of protectionism making markets more narrow and increasing volatility,” said von Braun

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