By 2050 the world's population is predicted to rise up to 9 million.
According to The International Monetary Fund world's food prices have risen by 23% during the last 18 months.
The increasing demand from the middle class in developing countries is one reason.
One of the first causes to explain the food price increase was the growing demand for meat in China and milk in India. This means that each family is getting one dollar a day to spend on food.
Rising Food Prices Introduction: Food prices have been on the rise and have become a global issue.
Prices have soared over the past year and a half and threaten to go up further if issues are not addressed immediately.
Increase in population tends to shift demand curve for food to the food prices is another factor that has some negative impact on food security.
In the next twenty years, food prices will rise to be more than double (Oxfam, 2011).
Around the world, people have eaten more as they grew richer. Hundreds of millions more people are now rich enough to eat meat compared with 10 years ago, with meat consumption in China more than doubling over the past 20 years. Poor Weather in Various countries There has been drought in various countries in the world which is causing a shortage in grains around the world.
Australia has faced 6 years of drought and this has reduced the rice production a lot and this is one of the factors for rice prices going up so much in the recent months.