Mundo 10-07-2017

Agencies say food prices will remain low until 2026

Global food prices will remain low over the next 10 years, according to a joint report by the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO).

"World food commodity prices are expected to remain at a low level over the next decade compared to peaks in previous years due to lower demand growth forecast for a number of emerging economies and the lower impact of commodity policies Of biofuels on the markets, "says the Agricultural Outlook 2017-2026.

According to the report, price growth will also be limited by the replenishment of 230 million metric tons to cereal stocks and ample reserves of other staple foods.

At the same time, organizations forecast that per capita food demand will remain unchanged, except in the least developed countries.

According to forecasts, the future increase in agricultural production will be mainly achieved thanks to improved yields.

The growth of meat and dairy production, on the contrary, will be based both on the increase in the number of heads in the herds and in the increase of the production per animal.

"Real prices for most agricultural and fishery commodities are expected to decline slightly during the decade covered by the Agricultural Outlook," said OECD Secretary General Angel Gurria.

He added that "governments must continue to collaborate to provide stability to world food markets."