Monday, March 19, 2012
Rising Agricultural Prices Could Drive Investment
Washington--Rising prices for agricultural commodities could have a silver lining, according to Paul Bulcke, CEO of Nestle, the world’s biggest food manufacturing company. As incomes and demand for high quality foods increase, he said, so will interest in investing in agricultural research and infrastructure.
“Prices are getting to a level that may result in an effect that is positive for food production,” Bulcke said in an interview on Bloomberg Television. “People are motivated again to be in agriculture.”
Global agricultural output must rise 70 percent by 2050 to keep up with demand, according to the United Nations Food and Agriculture Organization.