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Higher commodity prices here to stay

Posted on 22 June 2011

Commodity prices over the next decade are set to remain at a higher level than the past, according to an OECD-FAO report produced ahead of this week’s G20 summit of agriculture ministers in Paris.
In real terms, prices over the next decade are predicted to average up to 20% higher for maize and 15% higher for rice, compared to the previous decade, while wheat prices should remain at the same level. This is likely to have a knock-on effect on higher meat prices……………………………………….Full Article: Source


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