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Disruptions to Food Supply to ‘Ratchet Up Prices,’ Olam Says

Global food costs will remain elevated because a potential slowdown in economic growth is unlikely to hurt demand and weather-related disruptions to supply could “ratchet up prices,” Olam International Ltd. said.

Combined global inventories of wheat, corn and rice will drop 2.5 percent to a four-year low as farmers fail to keep pace with demand, U.S. Department of Agriculture data shows.