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Era of high food prices probably over but risks remain: report

OECD and FAO also see 1.5% yearly rise in crop production globally and 20% jump in agricultural output in S-E and East Asia over next decade

"Although we are now witnessing a period of lower agricultural prices, we need to remain alert as changes in markets can take place rapidly," says Mr Gurria.


THE "recent period of high agricultural commodity prices is most likely over", said the Organisation for Economic Co-operation and Development (OECD) and the United Nations' Food and Agriculture Organization (FAO) in their latest joint 10-year outlook published on Monday.