Issues Faced
Some of the underlying reasons for the rise crisis:
1. The increase in wealth has led to a higher consumption of food, in turn pushing prices higher and depleting stockpiles at a faster rate.
2. Annual growth in yield is slower in comparison to a global population growth.
3. Alternate Crops - agricultural land is being allocated for more profitable cash crops such as palm oil.
4. Reduced investment in agricultural research and development.
5. Oil prices and subsidy structures - increasing logistics and production consts, while most farmers do not get enough monetart incentives to increase their output.
6. Extreme weather - global warming and general changes in the climate.
7. Inequality in international food economics supply & demand.