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Global food prices will more than double within 20 years, as a new age of crisis forces the collapse of our global food system.

Responding to an announcement by the FAO that global food prices remained steady during April but cereal prices have gone up by as much as 5.5% since March, Luca Chinotti, Food Policy Advisor for O

The European Union has adopted a new approach to foreign policy dubbed the “Global Gateway,” supported by a new European Financial Architecture for Development (EFAD). These policies are a direct response to the state of permacrises that the world finds itself in. It seeks to inject 180-300 billion euros over a period of six years into the EU’s partner countries in the form of infrastructure projects, a green transition and digitalisation. 

The international development agency said global food prices will more than double within 20 years as a new age of crisis forces the collapse of our broken global food system, said Oxfam today.

In response to the Food and Agriculture Organization’s announcement that global food prices slightly decreased last month, Oxfam’s policy advisor Luca Chinotti said: 

With its new long-term budget, the EU missed a chance to put itself at the forefront of a fair and green recovery from the coronavirus pandemic, Oxfam said today.

The European Commission has published details of its planned foreign affairs spending for 2021-2027. While there are some positive points which we welcome, there is a risk that aid money can now be used for inward-looking policies on migration and security, rather than long-term sustainable development.

The G20's sticking plaster approach falls well short of the major surgery that is needed to tackle the global food price crisis said Oxfam at the close of the Agriculture Ministers Meeting

The recovery fund and long-term EU budget agreed today do not match the urgency of our current situation and the challenges ahead, said Oxfam.

Responding to the G20 Finance Ministers’ meeting today, Nadia Daar, Head of Oxfam’s Washington DC Office, said: "The G20 is not delivering on its promise to rebalance the global economy and provide major relief. It has simply extended a freeze on bilateral debt-service payments through year-end, pushing the can down the road once again. If debt cancellation is not part of the solution, the world’s poorest countries will continue to struggle to cope with the pandemic and its devastating effects.