The 2008 Outlook for World Agricultural Commodity Markets

A year ago, who could have foretold that 2008
would bring even further soaring prices and increased
volatility, especially in the grains, oilseeds and rice
markets to the world's agricultural markets.

This MAP highlights the changes that agricultural markets
have undergone in 2008, with a particular focus on prices
and identifies the main trends for the outlook up to 2017,
as projected earlier this year by the main forecasting
institutions; OECD-FAO and FAPRI. It should be noted that
these projections were made before prices reached their
peaks in 2008 and before the subsequent sharp decline in
prices over recent months.