FAO forecasts continued high cereal prices

07 Nov 07

Unfavourable weather, low stocks, tight supplies amid strong demand cited as causes in the latest Food Outlook report issued today by FAO in London.[..]Soaring petroleum prices have also driven up prices for agricultural crops by raising input costs and by boosting demand for those crops used to produce biofuels. Food Outlook warns that the combination of high petroleum prices and the desire to address environmental issues is likely to boost demand for feedstocks, especially sugar, maize, rapeseed, soybean, palm oil and other oilcrops as well as wheat for years to come.
http://www.fao.org/newsroom/en/news/2007/1000697/index.html

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