Exploding Population and Living standards will Push Commodities Prices Higher

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Exploding Population and Living Standards will Push Commodity Prices Higher
We have already seen a surge in demand for commodities from developing countries, like India and China. Plus, global commodity supplies are low; the inventories for food are the lowest they have been in 50 years. Rising income levels in emerging countries and the spread of western ideologies are having an effect on food consumption. We are seeing greater consumer demand for certain foods like meat and poultry.

The Earth's population is estimated to be about 6.77 billion, and the world's population is expected to reach 9 billion by the year 2040. The world