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Food prices are literally a matter of life and death, especially for the poorest of the poor, who already spend up to 80% or 90% of their income on food. Unfortunately, our medium term projections for global supply, demand and prices of agricultural commodities show that most prices look likely to trend significantly higher in the coming decade.
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The OECD’s 50th Anniversary is an opportunity to reaffirm what we stand for and what we are about. After 50 years, our objective is and remains to help member and partner country’s governments to formulate and implement better policies for better lives.
Surging food and commodity prices are undermining efforts to tackle global poverty and hunger and threaten economic growth, said OECD Secretary-General Angel Gurría.
“We cannot return to business-as-usual” has been a constant refrain since the economic crisis started. How can new growth sources be tapped? What about fighting poverty, and ensuring food and energy supplies while safeguarding our planet? OECD experts discuss the issues.
Unpredictability is one of the reasons food commodity prices have been so volatile over the past year. With prices on the rise the global bill for food imports will top a trillion dollars, a level not seen since prices peaked in 2008.
In his speech for the release of the OECD-FAO Agriculture Outlook in Rome, Italy, Angel Gurría said that the macroeconomic prospects underlying it are more favourable, supply response has been strong, stocks are healthier and most of the ad hoc restrictions on agricultural exports have been lifted.
The key tables on agriculture and food comprise data on subsidies to agriculture as well as production and also data on fisheries. Historical data usually refer to the latest eight time periods.
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An overview of current OECD work in food, agriculture and fisheries
In his opening remarks for the book launch for the Horizontal Water Programme, Mr. Gurría underlined that good water management is important for a stronger, cleaner and fairer economy.
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An overview of the most important results and policy conclusions from recent and ongoing OECD work on agriculture.