OECD-FAO Agricultural Outlook 2018-2027

The fourteenth joint edition of the OECD-FAO Agricultural Outlook published in 2018 provided market projections for major agricultural commodities, biofuels and fish, as well as a special feature on the prospects and challenges of agriculture and fisheries in the Middle East and North Africa.

World agricultural markets had changed markedly since the food price spikes of 2007-8, as production had grown strongly while demand growth has started to weaken. In the coming decade, real agricultural prices were expected to remain low as a result of reduced growth in global food and feed demand. Net exports will tend to increase from land abundant countries and regions, notably in the Americas. Countries with limited natural resources, slow production expansion and high population growth will see rising net imports. Increasing import dependence was projected in particular for the Middle East and North Africa, where a scarcity of arable land and water constrains agricultural production.

• Primary Source

Website: OECD iLibrary http://www.oecd-ilibrary.org/

OECD / FAO: OECD-FAO Agricultural Outlook 2018-2027 https://www.oecd-ilibrary.org/agriculture-and-food/oecd-fao-agricultural-outlook-2018-2027_agr_outlook-2018-en

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