The OECD-FAO Agricultural Outlook 2023-2032 assesses agricultural commodity and fish market prospects over the next decade, highlighting economic risks, rising input costs, and food security challenges while projecting growth in production and consumption patterns across regions.
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| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | Organisation for Economic Co-operation and Development, Food and Agriculture Organization of the United Nations |
| Time horizon: | 2023-2032 |
| Geographic focus: | Developed And East Asia, South And Southeast Asia, Sub-saharan Africa, Near East And North Africa, Europe And Central Asia, North America, Latin America And The Caribbean |
The research method involved using the OECD-FAO Aglink-Cosimo model to create baseline projections for agricultural commodity and fish markets. It incorporated macroeconomic, demographic, and policy assumptions, along with input from member countries and international organizations, to analyze trends and uncertainties.
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The OECD-FAO Agricultural Outlook 2023-2032 provides a comprehensive analysis of agricultural commodity and fish markets, projecting trends over the next decade. The report highlights the impact of economic risks, including high energy prices and rising agricultural input costs, on food security. It emphasizes that the surge in fertilizer prices could lead to increased food prices, with a projected 0.2% rise in agricultural commodity prices for every 1% increase in fertilizer costs. The report also notes that global food consumption is expected to grow at a slower pace of 1.3% annually, influenced by population growth and income levels. The analysis incorporates improved estimates for food loss and waste, contributing to the understanding of food security challenges. The projections are based on the OECD-FAO Aglink-Cosimo model and consider the ongoing geopolitical tensions, particularly Russia's war against Ukraine, which continues to affect global agricultural markets. The report concludes that while production growth is anticipated, it will be driven primarily by productivity improvements rather than land expansion, necessitating investments in technology and sustainable practices.
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Categories: 2020s time horizon | 2023 time horizon | 2032 time horizon | 2030s time horizon | English publication language | Developed And East Asia geographic scope | Europe And Central Asia geographic scope | Latin America And The Caribbean geographic scope | Near East And North Africa geographic scope | North America geographic scope | South And Southeast Asia geographic scope | Sub-saharan Africa geographic scope | agricultural commodity | agricultural markets | agricultural outlook | agriculture | biodiversity | climate change | commodity prices | consumption trends | economic risks | economy | environment | environmental impacts | food security | global agri-food | global agriculture | global food systems | input costs | production growth | trade dynamics | united nations | water