In this episode of Globalcast, Francisco Redruello, Senior Foods Research Analyst at Euromonitor International, discusses the outcome of the latest OPEC meeting on June 8, 2011.

Hear about:

• The reaction to the Saudi Arabia's Oil Minister's claims that this meeting was "one of the worst"
• Why OPEC quotes will stay where they are
• The implications for the prices of wheat, soy beans, and corn