date:Sep 07, 2012
uch as 120 per cent. Price spikes of this magnitude today would mean the cost of a 25 kg bag of corn meal a staple which feeds poor families across Africa for about two weeks would rocket from around $18 to $40.
Oxfams climate change policy adviser Tim Gore said that such price spikes would be a massive blow to the worlds poorest who today spend up to 75 per cent of their income on food.
Rising temperatures and changing rainfall patterns hold back crop production and cause steady price rise