OECD does not expect a repeat of 2007-2008 food crisis because market fundamentals are different now, a senior OECD official told Reuters on Friday.
'Fundamentals are not there that would make us fear a repeat of the kind of price spikes that we had in 2007 and 2008,' Carmel Cahill, OECD trade and agricultural directorate senior counselor, said on the sidelines of a food forum.
She said grain markets were overreacting to the crop situation in Russia and the United States and there is no global shortage of wheat and corn at the present
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