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Yatsenko O.M., Kuznetsova O.O. Problems, trends and prospects of the world food market development

Problem statement. According to new tasks in the field sustainable development for the period after 2015 year, one of the main goals of the system of United Nations is to end hunger at the global level up to 2030 year. The main mission of agriculture is providing food security, which is inextricably connected with the necessity to take into account permanently growing number of the world population at the expense of decline in mortality rate, increase in life expectancy and young population in regions with high birth rate. At the same time, as results of research of Food and Agriculture Organization of the United Nations (FAO) show, food market growth will also take place for the long run. Prior to 2050 Earth population will grow by 34% and will reach 9.1 billion people. Almost all growth of the population will accrue to the share of developing countries. Urbanization will grow at a rapid pace, about 70% of the world population as expected will be urban, in comparison with today’s 49%. In order to provide growing, mostly urban and potentially better-off population with food, prior to 2050 it is important to increase food production output from initial level of 2005-2007 by 60%. Annual volume of net investment in agriculture of developing countries, which is necessary for ensuring such an increase in production, is 83 billion dollars of the USA. It means that the existent consumption funds should be added with at least the same volume of food products as there is now. Moreover, it is important to be done only to not reduce the current level of life, first of all consumption.

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