No, but the current supply exceeds the required demand for sustaining life.
Consider it this way: Food isn't necessarily always a survival need. True, we need food to live, obviously. But past a certain point, our consumption of food is based on our desires, rather than needs. At the point where food is consumed only for enjoyment, discouraging its consumption is simple.
In addition, much food's consumption, especially in the US, isn't actually consumed. Rather, it's wasted.
You don't need to necessarily increase production to solve the issue. Reduced consumption does the same thing.
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