Global Food Prices Set to Stagnate as Population Growth Slowing
- World population growth to slow to 1% a year over next decade
- Food demand growth expected to slow progressively: OECD-FAO
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Food prices will stagnate over the next decade as the population growth rate declines and income expansion in emerging economies slows.
Food costs will stabilize at a level slightly higher than in the years before the 2007-08 price spike, the Organization for Economic Cooperation and Development and the United Nations’ Food & Agriculture Organization said in a joint report. Population growth, the main driver of food prices, will slow to 1 percent annually through 2025, the organizations said.