Agricultural commodity prices rose by an annual average of 29.6% in 2008 but will stagnate this year
Mar 10th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Agricultural commodity prices rose by an annual average of 29.6% in 2008, but much of this apparent surge was a result of strong gains early in the year. For much of 2008 prices were actually falling, and the Economist Intelligence Unit expects its food, feedstuffs and beverages (FFB) index to continue this trend in 2009, as weaker demand, ample supply, lower global trade levels and difficulties raising finance all serve to keep prices at relatively low levels.