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PTI / The Hindu.
In this file photo pulses are displayed at a shop New Delhi. Higher commodity prices could have a “devastating” impact on the poor in developing countries, an OECD-FAO joint report has said - AP.
India is already facing the continual food inflation!
Global food prices are expected to be higher in the 2011-20 period compared with the previous decade and this could have a “devastating” impact on the poor in developing countries, a report by the Organisation for Economic Cooperation and Development and the Food and Agriculture Organisation has said.
“Higher food prices and volatility in commodity markets are here to stay,” the OECD and the FAO said in a joint report released on Friday.
The report, OECD-FAO Agriculture Outlook for 2011-2020, noted that food prices are expected to fall from the current high level in the coming months on good harvest but the prices are expected to be higher in this decade than 2001-2010.
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