Grain prices, already at two-year highs, are set to rise further this year before normalising in 2012 as the higher prices prompt farmers to plant more, the head of agribusiness giant Bunge told the Financial Times.
“For the next 12 months I think you will see volatility of prices,” Alberto Weisser said in an interview published on Wednesday. Grain prices rallied in 2010 after poor harvests in Russia and Australia. Get the full story »
