Booming grain production in poor countries ends fears of high and extremely volatile prices
Grain prices are likely to settle down for the first time since the 2008 price shock, largely thanks to boosting production in developing countries, reveals a new report by the Overseas Development Institute (ODI) – the UK’s leading think tank on development issues.
Poorer countries have added 240 million tones of cereals since the 2008 crisis, representing 74% of the global increase, saving the world from feared prolonged periods of instability and huge price rises of the three main grains – maize, wheat and rice.
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