| From Fundstrategy.co.uk: There is a sobering fact for investors excited by the prospects for agribusiness, amid talk of soaring demand from voracious, urbanising and soon-to-be meat-eating emerging markets. The real price of food has not risen for a century, judged by trading statistics for corn and wheat prices in America.
Over that period we have seen the world’s population double and double again. So if another billion or two mouths want feeding, don’t assume food prices will rocket. Look at Russia, the world’s biggest country by land mass, which is hopelessly inefficient in both the production and distribution of food. Lifting Russia (and its satellites, such as Ukraine) to the standards and intensity of production in western Europe could be as revolutionary to global food prices as was opening China to manufacturing...........................................Full Article: Source
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