OECD-FAO Agricultural Outlook 2007-2016

This is the third occasion that the Agricultural Outlook report has been prepared jointly by the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations. The report draws on the commodity, policy and country
expertise of both Organisations in providing a medium-term assessment of future prospects in the major world agricultural commodity markets. The report is published annually, as part of a continuing effort to promote informed discussion of emerging market and policy issues. This edition of the Agricultural Outlook offers an assessment of agricultural markets covering cereals, oilseeds, sugar,
meats, milk and dairy products over the period 2007 to 2016. It takes account of the enlargement of the European Union, from twenty-five to twenty-seven member states and for the fist time includes explicitly assumptions on biofuel production. The market assessments are based on a set of projections that are conditional on specific assumptions regarding macroeconomic conditions, agricultural and
trade policies and production technologies; it also assumes average weather conditions. Using the underlying assumptions, the Agricultural Outlook presents a plausible scenario for the evolution of agricultural markets over the next decade and provides a yardstick or benchmark for the analysis of agricultural market outcomes that would result from alternative assumptions.

• Primary Source

OECD: Press Release, 4.7.07: Growing bio-fuel demand underpinning higher agriculture prices, says joint OECD-FAO report http://www.oecd.org/dataoecd/6/10/38893266.pdf

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