September 5, 2012

Impact of climate change on food prices is underestimated, Oxfam warns




Price spikes will be a devastating blow to the world's poorest and will also affect UK consumers

Climate change's impact on future food prices is being underestimated, Oxfam warned in a report on Wednesday.

The development charity predicts that massive price spikes will be a devastating blow to the world's poorest people who today spend up to 75% of their income on food, and will also adversely affect UK consumers.