OECD and FAO see agricultural commodity prices remaining high and growing more volatile
Source: Organisation for Economic Cooperation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO)
Agricultural commodity prices should ease from their recent record peaks but over the next 10 years they are expected to average well above the mean of the past decade, according to the latest Agricultural Outlook from OECD and the UN Food and Agriculture Organization.
The current high prices will hit poor and hungry people hardest, particularly those who are net food buyers in urban areas in low income countries. Humanitarian aid is the best short term solution for this situation while in the longer term the emphasis in these countries needs to be on improving farm productivity as well as growth and broader economic development.