Global food prices set to stagnate as population growth slows
LONDON — Food prices will stagnate over the next decade as the population growth rate declines and income expansion in emerging economies slows.
Food costs will stabilize at a level slightly higher than in the years before the 2007-08 price spike, the Organization for Economic Cooperation and Development (OECD) and the United Nations’ Food & Agriculture Organization (FAO) said in a joint report.
Population growth, the main driver of food prices, will slow to one percent annually through 2025, the organizations said.
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