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The world cereal supply situation is expected to improve in 2013/14 on higher production and larger than previously projected stocks. However, unfavorable weather is causing some delays in maize plantings in the US and undermining wheat growing conditions in the US and parts of Europe.
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Agricultural trade can be a powerful engine for economic growth, poverty reduction, and development. However, efforts by developing countries to expand their agricultural trade are often hampered by domestic supply-side constraints such as lack of trade-related infrastructure. This report looks at some of the most important of these constraints, and features case studies from Indonesia, Zambia and Mozambique.
This study provides quantitative assessments of the impact of two structural changes that a number of market observers have identified as contributing to world wheat market price volatility. The factors examined relate to changes in demand in the large emerging countries of the BRICs (comprising Brazil, the Russian Federation, India and China).
Recent experience of highly turbulent markets has renewed interest in quantitative assessment of price volatility by stochastic simulations using the AGLINK-COSIMO model. Measuring the contribution of correlation of yield shocks to price volatility, this paper shows that correlation effects account for a significant portion of price volatility for coarse grains and wheat.
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Rio+20 faces challenges that the Rio Earth Summit could not have foreseen: a growing gap between the rich and the poor, a global economic crisis, and some 2 billion more people by 2050 relying on the planets natural resources and the environment.
Market thinness, where there are few buying or selling offers, can contribute to price volatility. Contrary to general assumptions, agricultural commodity markets have not become 'thinner', according to this study of trade in selected commodities from 1970 to 2010.
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Low stocks to use ratios of recent years were one of the contributory factors to the grain price spike in 2007-08, says this paper on international stockholding arrangements with economic provisions for stabilising world agricultural commodity prices.
Recent years have witnessed a sharp increase in many commodity prices. This report examines the question of whether commodity price volatility has materially changed with the rapid run up in world prices in 2006-09, followed by an equally sharp decline in many commodity prices.
OECD is contributing actively to the establishment of AMIS, an agricultural market information system called for by G20 Agriculture Ministers with the aim of addressing food price volatility through more timely, accurate and transparent information on global food markets.
Agriculture continues to create jobs in rural areas of South Africa, albeit mainly in low-wage occupations, and future trade liberalisation would increase employment in the agricultural sector, according to this study.
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