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OECD-FAO Agricultural Outlook 2009-2018
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World reference prices for many commodities nearly doubled over the period 2007-2008 but fell sharply from their record highs, driven by increased production, responding to earlier price rises, and by weaker demand, intensified by the commencement of the global economic crisis.
However, prices are expected to strengthen with economic recovery over the medium term. For the next 10 years, prices in real terms are still projected at, or above, the levels of the decade prior to the 2007-08 peaks.
Percent change relative to 1997-2006 average
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Growth in feedstock demand for biofuels production remains an important driver. Food and fuel drive up demand for wheat and vegetable oil, while feed and fuel push coarse grain demand up. Read more ...
Despite the significant impact of the economic downturn on all sectors of the economy, agriculture is expected to be relatively better off, as a result of the recent period of relatively high incomes and a relatively income-inelastic demand for food. Read more ...
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This fifteenth edition covers the outlook for commodity markets during the 2009 to 2018 period, and brings together the commodity, policy and country expertise of both Organisations, providing an assessment of agricultural market prospects for production, consumption, trade, stocks and prices of the included commodities.
Corrigenda |
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Bookmark this page: www.agri-outlook.org
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