Food and beverage processors will be fighting it out for an increasingly dwindling supply of grains sourced at ever higher prices, ING Group warned in a new forecast report for the sector.
ING's financial analysts predict that agricultural prices will increase further by another 40 per cent by 2020, reflecting a tight supply brought on in part by increased demand for grains, a global water shortage, and changing weather patterns.
ING's financial analysts predict that agricultural prices will increase further by another 40 per cent by 2020, reflecting a tight supply brought on in part by increased demand for grains, a global water shortage, and changing weather patterns.
