As Developing Countries Urbanize, Food Booms

A new study shows that agricultural output in the emerging economies of Brazil, Russia, India and China will be three times as great as those in the developed world. Increasing urbanization is seen as one of the drivers of this growth

These findings are from a joint report by the United Nations and the OECD.

"Livestock and crop prices will stay above long-term averages, it added.

And rising incomes and urbanisation in developing states will drive growth.

'Developing countries will provide the main source of growth for world agricultural production, consumption and trade,' the report said."

Full Story: Emerging economies 'to enjoy food production boom'

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