OECD REPORT

BY KEITH NUTHALLAGRICULTURAL economists may disagree, but predicting trends in world food markets is not necessarily rocket science. A dose of healthy common sense can be as good a guide for the future demand for commodities as any amount of slide rules and complex economic equations.Take the latest Agricultural Outlook for 2003-2008 from the Organisation for Economic Cooperation and Development (OECD), the group of leading industrial western countries. It makes the dazzingly sensible prediction that the growing wealth of emerging economies, such as those former ...


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