Climate scientists are warning that climate change-induced droughts could devastate more than half of the world’s wheat fields by the end of the century, triggering food shortages, market upheaval and political unrest.
Challenging weather conditions in various countries, coupled with continuing political tensions in the Black Sea region have made food markets more volatile, according to the FAO's first major forecast for 2014.
The FAO has revised downward its forecast for 2010 world wheat production levels and reports that wheat market dynamics drove international food prices up in August by 5 per cent - the biggest month-on-month increase since November 2009.
Global cereal production this year has reached record levels,
although an inability to keep up with the rapid rise in demand has
kept prices high, according to a new report by the Food and
Agriculture Organization (FAO).