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OECD, FAO See Slower Growth in Demand Keeping World Food Prices Low

  • 14 Jul 11:08

OECD, FAO See Slower Growth in Demand Keeping World Food Prices Low Global food commodity prices are projected to remain low over the next decade compared to previous peaks, as demand growth in a number of emerging economies is expected to slow down and biofuel policies have a diminished impact on markets, according to the latest 10-year agricultural outlook published by the OECD and FAO. TheOECD-FAO Agricultural Outlook 2017-2026says that the completed replenishment of cereal stocks by 230 million metric tonnes over the past decade, combined with abundant stocks of most other commodities, should also help limit growth in world prices, which are now almost back to their levels before the 2007-08 food price crisis. According to. Read more...