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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

Published Mon, Jul 4, 2016 · 09:50 PM

OECD

Tokyo

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.

But the two organisations warned of the need for vigilance as, they said, "the probability of a major price swings remains high".

Food consumer prices are expected to be less volatile than …

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