The era of falling food prices has come to an end with the world population set to add another 2 billion people, according to Cargill, the U.S. farm commodities trader.
The United Nations’ Food and Agriculture Organization has said global food output must rise 70 percent by 2050 to feed a world population expected to grow to 9 billion from 7 billion now and as increasingly wealthy consumers in developing economies eat more meat. Food prices tracked by the FAO climbed to the highest ever a year ago on surging grain prices.
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