Expected surplus coarse grains prices will experience

  • No School
  • AA 1
  • 6

This preview shows page 4 - 6 out of 6 pages.

expected surplus, coarse grains prices will experience considerable decreases over the next three years before rebounding to about $230 a ton from 2017/18. This in turn leads to a decline in the price of oilseeds in the short term as farmers substitute coarse grains for crops such as soybeans. Overall, the FAO and OECD expect global food price
Image of page 4
inflation to slow and volatility to decline. At the start of the (204-2023) outlook period, food price inflation at the consumer level appears lower and more stable for all regions than it has been in the turbulent years following the price crisis, the report said. Food costs surged in 2007-08 when a series of droughts around the world hit supplies of key agricultural commodities. They surged again in 2010-11 after Russia banned wheat exports. Markets have also been volatile with near record prices in 2012 prompting increased production that tipped wheat, rice and sugar markets into surplus and impacted prices. Crop prices are expected to drop for one or two more years, before stabilizing at levels that remain above the pre-2008 period but significantly below recent peaks, the report said. Meat, dairy and fish prices are expected to rise. In real terms, however, prices for both crops and animal products are projected to decline over the medium term.
Image of page 5
Image of page 6

You've reached the end of your free preview.

Want to read all 6 pages?

  • Fall '19
  • FAO

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors