The pressures driving grain prices to two-year highs will not subside for at least a year, the head of a leading agricultural trader has said in a warning that deepens short-term worries about food price inflation.
But Alberto Weisser, chief executive of Bunge, rejected a growing view that high food prices are here to stay.
The US-based company is one of the biggest traders of commodities such as soyabeans, giving its executives an inside view into global food markets.
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