Food prices to remain low globally over next decade: OECD, FAO

Tokyo

GLOBAL food commodity prices are projected to remain low over the next decade as demand growth slows, the Organisation for Economic Co-operation and Development (OECD) and the UN Food and Agriculture Organization (FAO) said in a joint report on Tuesday.

Demand per capita for food staples is expected to remain flat, except in least developed countries, keeping prices low, the latest Agricultural Outlook report said.