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26/06/2008

High food prices could reverse agricultural growth in transition countries

Soaring food prices could reverse the significant growth in agricultural production recorded by some of the poorest countries in Europe and Central Asia over the past 10 years, said FAO Director-General Jacques Diouf today at the opening of the 26th FAO Regional Conference for Europe.

Moreover, government response to higher prices has not always been supportive of the farm investment needed to raise production and productivity, favouring instead measures such as export restrictions, which have resulted in cancelled export contracts and lower prices received by farmers, he noted.

More information at : http://www.fao.org/newsroom/en/news/2008/1000872/index.html