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OECD-FAO Agricultural Outlook 2014-2023: Food production up, price volatility stabilizing

11.07.2014

The launch of the OECD-FAO Agricultural Outlook 2014-2023 took place with an air of optimism in Rome today.

Following high food costs and price spikes in recent years, the latest edition of the annually published 10 year outlook reported increased food production in 2013 and a declining global trend in the prices of major cereal crops, which is projected to continue for the next two years before stabilizing.  The growth in production is mainly in the developing countries.  Meat prices are expected to remain high.

Global agricultural is expected to slow over the next 10 years and cereal production is projected to be 15% higher by 2023 compared to 2011-13 period, outpaced by growth in livestock and biofuels.  Cereals are still at the core of human nutrition but there is a shift to diets higher in fats, sugar and protein.

Biofuel production and consumption is expected to grow by more than fifty percent, led by sugar-based ethanol and biodiesel.

José Ángel Gurría, Secretary General of the OECD, stated that the report shows we can be optimistic in our ability to feed 9 billion in 2050.  Cutting the one third of food wasted will be key to these efforts.

You can download the report, which also contains a special feature on India, here.

Summaries are available in 24 different languages.


Printed from http://www.epsoweb.org/oecd-fao-agricultural-outlook-2014-2023-food-production-price-volatility-stabilizing on 17/01/18 03:43:53 AM

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