The United Nations (UN) agencies have called for swift and coordinated international actions in a bid to maintain stable prices for food stocks.
In a press statement jointly prepared by three UN agencies, the Food and Agriculture Organisation (FOA), the International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP) made available to NaijaAgroNet, revealed the need to maintain food price so that it does not turn to a catastrophe.
This, the agencies said, could hurt tens of millions over the coming months, and that the problems of some high food prices must be solved as well as the long-term issue of how we produce and consume.
Also, the agencies, disclosed that the food price hike does not affect every country in same way that the urban, rural poor and those in food import-dependent countries are most vulnerable to the international increase in prices as the listed categories spent a larger part of their incomes on food.
Findings by the bodies affirmed that although some smallholder farmers fall into the category of poor and food insecure that they can powered to take the food price hike advantages by becoming part of the solution and improve the overall food security.
NaijaAgroNet learnt that part of initiatives employed by the UN agencies comprise the UN High-Level Task Force on Global Food Security and Agricultural Markets Information System (AMIS), to improve transparency in the global food market.
Also part of the initiative, the Rapid Response Forum was set up to facilitate coordinated policy responses by the major world producers and traders of key cereals and soybeans.
WFP made an estimation of extra $200 million, about N31.6 billion per year for food assistance for every 10 per cent increase in food price; everyone is vulnerable as global grain production in a good year is not enough to meet the growing demand for food.
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