OECD Observer
Two cheers for lower food prices: Good for poor consumers and not the real issue for farmers
food, agriculture, fao, oecd, prices, market, policies, development

International crop prices started falling in 2012. The OECD-FAO Agricultural Outlook 2016-2025 projects that over the next ten years, real prices of most agricultural products will decline slightly, but remain higher than they were prior to the 2007-08 price spike. To find out more about the effects of declining food prices on consumers and farmers, read the blog by Jonathan Brooks on OECD Insights.