A good harvest in the coming months should push commodity prices down from the extreme levels seen earlier this year. However, over the coming decade real prices for cereals could average as much as 20% higher and those for meats as much as 30% higher, compared to 2001-10.
Publication: Read detailed analysis and tables based on the data
Featured in this edition...
What is driving price volatility? The Outlook takes a look at the key forces driving price volatility, which create uncertainty and risk for producers, traders, consumers and governments. More...
A period of higher commodity prices... This Outlook is cautiously optimistic that commodity prices will fall from their 2010-11 levels, as markets respond to these higher prices and the opportunities for increased profitability that they afford. In real terms, agricultural commodity prices are likely to remain on a higher plateau during the next decade compared to the previous decade. More...
...in nominal and real terms All commodity prices in nominal terms will average higher to 2020 than in the previous decade. In real terms, prices are anticipated to average up to 20% higher for cereals and 50% higher for some meats, compared to the previous decade. More...
SMP: Skim milk powder
WMP: Whole milk powder
Net agricultural production Global agricultural production is projected to grow at 1.7% annually on average compared to 2.6% in the previous decade. Slower growth is expected for most crops, especially oilseeds and coarse grains, while the livestock sector stays close to recent trends. More...
Biofuels and agricultural outputs The use of agricultural output as feedstock for biofuels will continue its robust growth, largely driven by biofuel mandates and support policies. By 2020, an estimated 13% of global coarse grain production. More...
Publication date: 17 June 2011
OECD-FAO Agricultural Outlook 2011-2020 - print edition
This report assesses agricultural market trends and prospects for production, consumption, trade, stocks, and prices of featured commodities, including biofuels.
This year’s edition includes a special section on price volatility and price transmission from world to domestic markets, analysing the evidence of and changes in price volatility over the longer term and summarising FAO and OECD policy advice.
