New Delhi, Jul 9 (UNI) Global demand for agricultural products is projected to grow by 15 per cent over the coming decade, while agricultural productivity growth is expected to increase slightly faster, causing inflation-adjusted prices of the major commodities to remain at or below their current levels, says a report.
Worldwide, the use of cereals for food is projected to grow by about 150 million tonnes over the 10- year period - amounting to a 13 per cent increase - with rice and wheat accounting for the bulk of the expansion.
The most significant factor behind the projected growth in food use of staple products is population growth, which is expected to rise fastest in Sub-Saharan Africa and South Asia, says the Agriculture Outlook report by the Organisation for Economic Co-operation and Development and UN Food and Agriculture Organization.