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2 October 2014
   
 
 
 
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The international community will be facing higher food prices and volatility in commodity markets for some time, according to a new report by the United Nations Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation and Development (OECD) that calls for greater investment in agriculture.

The OECD-FAO Agricultural Outlook 2011-2020 says that a good harvest in the coming months should push commodity prices down from the extreme levels seen earlier this year.

Over the coming decade, however, real prices for cereals could average as much as 20% higher and those for meats as much as 30%, compared to 2001-10, FAO states in a news release, adding that these projections are well below the peak price levels experienced in 2007-08 and again this year.

Edited by: Creamer Media Reporter
 
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