Climate change ‘to hit food prices’
Soaring food prices could leave UK consumers forking out almost £6.50 for a loaf of bread and more than £18 for a pint of beer by 2030 unless urgent action is taken to avert dangerous climate change, environmentalists have claimed.
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The report by Ray Hammond, who studies how future trends will affect society and business and is a visiting lecturer at Oxford University’s Institute for the Future of Humanity, warned food prices could rise well above inflation by 2030.His research, based on previous price hikes recorded by the World Bank and projections by the International Food Policy Research Institute, suggested an 800g loaf of white bread which currently costs 72p would rise to £6.48 – as opposed to the £1.44 it would cost under normal inflation.
A litre of corn oil would rise from £1.99 to £17.91, a kilogram of basmati rice would increase from £1.69 in today’s prices to £15.21 by 2030, and 500g of cornflakes would shoot up from 78p to £7.20. Even beer would increase, with a pint of Pilsner lager rising from £2.05 to £18.45.
Source/Full Story: guardian.co.uk



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