Higher average farm prices expected say OECD and FAO; Brazil’s agriculture growth set to outpace the EU27 four-fold in next 10 years
Jun 16th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Higher farm commodity prices are expected in this decade, having fallen from their record peaks of two years ago. They are unlikely to drop back to their average levels of the past decade, according to the annual joint report from the OECD and the UN Food and Agriculture Organization (FAO), published on Tuesday. The report says Brazil's agriculture growth is set to outpace the EU27 four-fold in next 10 years.