Food prices 'will treble in the next 20 years'

The days of cheap food could soon be over, a government adviser has warned.

Professor Tim Benton, head of Global Food Security working group, believes food prices will treble in the next 20 years as a growing global population competes for dwindling resources.

Professor Benton even warned that readily available products like cocoa and meat could become relative luxuries.

Speaking to the Daily Telegraph, Professor Benton said: "Food is going to be competed for on a global scale. There's been a lot written about where food prices are going to go but they are certainly going to double, with some trebling. It's not just fruit and vegetables, but everything."

Tesco boss Philip Clarke agreed with that sentiment, adding in an interview with the Observer that "over the long run I think food prices and the proportion of income spent on food may well be going up… because of growing demand it is going to change. It is the basic law of supply and demand," he said.

UK households already hard hit

That will come as a bitter blow to British households, who are already battling rapidly rising food price inflation.

In April, the Organisation for Economic Co-operation and Development (OECD) pointed out that food prices in the UK were 4.6% higher than the same month in 2012.

That’s far higher than most developed economies: prices are up 3.7% in Germany, 1.6% France and just 1% in the US.

What can you do to fight back?

With prices rises looking a certainty, it’s clear that we need to be savvier when buying groceries.

Here is our list of articles to help you spend less and save more when you next head down the shops.

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