FAO-OECD: Outlook grim for food prices over next decade

17 June, 2011 by (comments)

Global food prices have risen by 40% in the last year. This upward trend is here to stay, estimates the FAO and OECD in their new report Agricultural Outlook 2011-2020. According to the report, agricultural production is expected to rise by 1.7% annually, compared to the 2.6% growth rate of the past decade. Cereal prices could average as much as 20%Read More …

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