National & World Ag News Headlines Food Prices Predicted to Stay High and Grow Volatile USAgNet - 06/02/2008 Food prices will remain high in the coming decade, with meat prices forecasted to rise rapidly, according to the latest latest Agriculture Outlook from the Organization for Economic Co-operation and Development and the UN Food and Agriculture Organization. The report, published by the two agencies at the world food summit in Rome, notes that the growing demand for biofuel is one factor contributing to higher prices and suggests further review of existing biofuel policies. World fuel ethanol production tripled between 2000 and 2007 and is expected to double again between now and 2017. The growth in biofuel production adds to demand for grains, oilseeds and sugar, so contributing to higher crop and food prices. In OECD countries, at least, this growth of biofuel production has thus far been driven largely by policy measures and the report says that it is not clear that the energy security, environmental and economic objectives of biofuel policies will be achieved with current production technologies. Copyright © 2010 - USAgNet.com. All Rights Reserved.