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Global Leaders Discuss China Leadership and US Foreign Policy at New Economy
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Economics
Inflation & Prices


FOOD PRICES WILL LIKELY BE LOWER NEXT YEAR, CARGILL CEO SAYS

 * Still, just one bad crop would be enough to send prices higher
 * Crop demand for food and fuel can be met with higher ouput

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WATCH: Cargill CEO MacLennan talked about the outlook for food prices, and how
the war in Ukraine and climate change are affecting supply.Source: Bloomberg
By

Alfred Cang

+Follow
November 16, 2022 at 3:08 AM GMTUpdated onNovember 16, 2022 at 4:24 AM GMT


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+ Get alerts forAlfred Cang

Food prices will probably decline next year, even as global crop stockpiles stay
very tight, especially for oilseeds, said David MacLennan, chief executive
officer of Cargill Inc., America’s largest private company. 

“All it takes is one really bad crop, let’s say in North America or South
America, to really send prices higher,” he said at the Bloomberg New Economy
Forum in Singapore on Wednesday.


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