The appetite of emerging markets for processed food, meat and dairy products has confounded fears of a big drop in demand in the wake of the financial crisis, says Cargill, the big US agribusiness.
Gregory Page, chief executive, said diets in emerging markets, which over the past 10 years had became more similar to those of western countries, had been “remarkably resilient”.
In previous episodes of economic turmoil, people in emerging markets had returned to traditional staple grains.
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