World's demand for grains is outpacing production, expert says

07/18/2011 | DomesticFuel.com

High oil prices, biofuel mandates and China's growing demand for food have pushed up demand for grains in the past five years, outpacing global production, according to Chris Hurt, an agricultural economist at Purdue University. "These greater levels of usage have placed a strain on the agricultural production system, resulting in low inventories that leave little room for any production shortfalls," Hurt said.

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