Demand for food, feed and fuel is expected to expand rapidly on growing population. Is the world ready to feed 7 billion without stunting growth and harming environment and how?
This seminar will explore three core issues:
A recent ADB study estimated that a 30% increase in food prices can reduce GDP growth in some of the food importing countries by as much as 0.6 percentage points; if the rise in food prices was also accompanied by a 30% rise in the fuel prices, the projected decline in GDP growth rates for these countries could be as high as 1.5 percentage points. High food prices also erode the purchasing power of households and undermine recent gains in poverty reduction: an ADB study estimated that a 10% increase in domestic food prices in developing Asia, home to 3.3 billion people, could lead to a 1.9 percentage point increase in poverty incidence, equivalent to pushing 64.4 million into poverty (based on a $1.25-a-day poverty line).
As the world's population just surpassed seven billion in 2011, demand for food, feed and (bio-) fuel is expected to rapidly expand in the medium to long term. However, the increase will have to come in the face of declining availability and quality of water and land resources on account of competing demands, poor management of agricultural resources, and climate change.
Director General, Canadian International Development Agency
Director General, Pacific Department, Asian Development Bank
Chief Economist, Agence Française de Développement
Hiroyuki Konuma CV
Assistant Director General, Food and Agriculture Organization, Bangkok
Mark Rosegrant CV
Director, International Food Policy Research Institute, Washington D.C.
Ren Wang CV
First Vice President, Chinese Academy of Agricultural Sciences, People's Republic of China
Chief Economist, Asian Development Bank
Vice President, Canadian International Development Agency
Moderator: William Pesek, Bloomberg
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