Food prices 'will fall over next decade'
TT/The Local · 17 Sep 2007, 18:16
Published: 17 Sep 2007 18:16 GMT+02:00
The board said it expected the price of grain and meat to fall over the next ten years. Wheat prices will fall from 1,400 kronor ($209) per tonne to 1,250 kronor, measured in today's prices.
"If production increases, competition to sell crops and meat increases and prices can fall," said Anna Clarin, a researcher at the Swedish Board of Agriculture (Jordbruksverket).
The price of plants used to make oil is expected to increase over the next decade, as is the price of rice, according to the report. Researchers say that the six countries studied have great potential to develop agriculture and increase revenues.
"Their potential is far from exploited - they have large land reserves and in several cases poor infrastructure, which keeps production down," said Clarin.