The U.N. Food and Agriculture Organisation and the Organisation for Economic Co-operation and Development will be publishing a report on the food supply outlook on May 29. Here’s what it will say: (CNBC):
High food prices will continue for at least a decade even if they drop from the levels that sparked street protests or riots in Africa, Asia and the Caribbean in recent months, government-backed international agencies say.
High prices, caused primarily by demand from fast-developing countries such as China but also by rising investor interest in food commodity futures markets, will hurt the world’s poorest countries most, and also the poor in rich countries.
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