OECD outlook signals 'era of high prices is likely over'

The decline in prices for food and feed crops, livestock and fish products in 2015 signals that “an era of high prices is quite likely over for all sub-sectors,” economists at the Organization for Economic Cooperation and Development (OECD) say.  Developed jointly with analysts at the UN Food and Agriculture Organization (FAO) in Rome, the Paris-based OECD projected in its Agricultural Outlook 2016-2025 that most agricultural prices would hold steady over the next decade as productivity continued to increase in most parts of the world.