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10/07/2017 - 18:54hs
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Global food prices trending down

A study from the FAO and the OECD indicates that demand for staple foods will grow less over the next ten years, and that commodity prices tend to remain low.



São Paulo – A study conducted by the Food and Agriculture Organization of the United Nations (FAO) and the Organisation for Economic Co-Operation and Development (OECD) forecasts that demand for staple foods will grow less over the next ten years, and that global prices of agricultural commodities will tend to remain low.

According to a report issued on Monday (10), the slowdown of much of the emerging economies and the lesser impact of biofuel policies will be the two main drivers in this scenario. It also notes that high levels of commodity stockpiles, which will help curb the hike in prices worldwide – which are now close to pre-2007/2008 crisis levels, the report says.

The two organizations calculate that average calorie consumption will be 2,450 kcal per person in less developed nations, and higher than 3,000 kcal in developing ones. Food insecurity and malnutrition will still be a global issue requiring coordinated focus, the report reads.

*Translated by Gabriel Pomerancblum

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