date:Sep 21, 2012
orest consumers should be reduced this time around, as purchasers are able to switch consumption from animal protein back towards staple grains like rice and wheat. These commodities are currently 30% cheaper than their 2008 peaks.
Nonetheless, price rises are likely to stall the long-term trend towards higher protein diets in Asia, the Middle East and North Africa. In developed economies especially the US and Europe where meat and corn price elasticity is low, the knock-on effect of high gra