Coffee Commodity Prices Biography
Food prices measured by the UN's Food and Agriculture Organisation (FAO) have fallen in the past three months but are expected to rebound in July following relentless dry weather, which has affected U.S. corn and soybean crops.
Gurria said in an interview that price spikes in soybean and corn markets over recent weeks would quickly lead to inflationary pressures, especially in poorer countries where food takes up a larger proportion of household spending.
The joint OECD-FAO Agricultural Outlook 2012-2021 report found that the risk of price spikes would increase in coming years.
“We expect prices will remain volatile as demand grows but stock levels fail to rise as much as in the past - that way any shortfalls will tend to have a higher impact on markets,” Merritt Cluff, FAO senior economist, said in an interview.
Weather-related yield variability and slower growth in production will also encourage volatility, FAO and OECD said.
Agricultural output growth is expected to slow to 1.7% per year over the next decade from more than 2% over the past several decades.
Food prices measured by the UN's Food and Agriculture Organisation (FAO) have fallen in the past three months but are expected to rebound in July following relentless dry weather, which has affected U.S. corn and soybean crops.
Gurria said in an interview that price spikes in soybean and corn markets over recent weeks would quickly lead to inflationary pressures, especially in poorer countries where food takes up a larger proportion of household spending.
The joint OECD-FAO Agricultural Outlook 2012-2021 report found that the risk of price spikes would increase in coming years.
“We expect prices will remain volatile as demand grows but stock levels fail to rise as much as in the past - that way any shortfalls will tend to have a higher impact on markets,” Merritt Cluff, FAO senior economist, said in an interview.
Weather-related yield variability and slower growth in production will also encourage volatility, FAO and OECD said.
Agricultural output growth is expected to slow to 1.7% per year over the next decade from more than 2% over the past several decades.
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
Coffee Commodity Prices
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