The Organisation for Economic Co-operation and Development and the United Nations' Food and Agriculture Organisation also warned about possible food scarcity in developing countries because of higher prices and climate change.
"On average, the nominal price of all commodities other than pigmeat, will be 20 percent or more above their 1997-2006 average level" between 2009 and 2018, they said in their Agricultural Outlook report.
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"On average, the nominal price of all commodities other than pigmeat, will be 20 percent or more above their 1997-2006 average level" between 2009 and 2018, they said in their Agricultural Outlook report.
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