21:15, 30.06.2009 — Новости
автор: OilWorld.Ru

DJ FAO Expects World Grain Prices To Trade Inline With 10-Yr Avg (ENG)


LONDON (Dow Jones)--The U.N.'s Food and Agriculture Organization expects
world grain prices to trade in line with their average prices over the past 10
years, Alexander Sarris, director of the FAO's trade and markets division, told
Dow Jones Newswires Tuesday.

  Speaking on the sidelines of the agri invest conference in london, Sarris
said FAO grain price projections for the coming 10 years have been revised down
from previous forecasts due to the economic downturn.

  "Agricultural commodities are not going to lead us out of a recession but
they are going to be more resilient" than other markets, said Sarris. "The
(demand) growth rate is going to slow down but that doesn't mean it's going to
turn negative."

  However, prices are likely to face more instability because of the factors
that determine volatility, including oil prices and exchange rates, becoming
increasingly variable and unpredictable, said Sarris.


  

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