Oecd-fao Agricultural Outlook: 2014-2023 by Organization for Economic Cooperation and Development

By Organization for Economic Cooperation and Development

OECD’s annual information and projections for significant agricultural commodities. It analyses how worldwide and household forces are shaping agricultural markets over the subsequent decade and highlights many of the hazards and uncertainties that can impression the rural outlook. After featuring a extensive review of the location and starting up the assumptions used, the record provides particular projections for construction, intake, exchange, shares, and costs for OECD international locations in addition to chosen non-member international locations. Commodities coated comprise cereals, oilseeds, sugar, meat, and dairy. in view that 2005, it's been released because the OECD/FAO Agricultural Outlook.

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Production: The developing world remains the epicentre of most agricultural production growth Rising income levels and a growing global population that is increasingly urbanising, especially in populous developing countries, together with increasing non-food use of agricultural products, will require a substantial expansion of production through the coming decade. While cereals remain a key dietary component, particularly in least developed countries, rising protein consumption in other developing regions will require an increased production of livestock and dairy products, which also implies greater demand for feed grains and oilseeds.

This represents almost half of additional meat produced globally by 2023. A high feed conversion ratio, short production cycle and simple production process has made poultry the low cost alternative which consumers in developing countries demand first as their income level rises. Currently, pork accounts for the greatest share in world total meat production, however, a comparatively slower growth rate through the next decade will result in it being surpassed by poultry by 2020. Pork production is projected to increase by 17 Mt, by 2023, 15% higher compared to the base period.

A. 7). Consistent with the OECD-FAO AGRICULTURAL OUTLOOK 2014 © OECD/FAO 2014 31 1. 7. Most of the growth in meat and fish consumption will occur in developing countries Livestock consumption in developed and developing countries Developing Developed Mt 200 180 160 140 120 100 80 60 40 20 0 2011-13 2023 2011-13 Poultry 2023 Pork 2011-13 2023 Beef 2011-13 2023 Sheep 2011-13 2023 Fish Source: OECD and FAO Secretariats. 1787/888933098763 trend through the past decade, developing countries will consume more than 80% of the additional meat, in part due to substantially higher population and income growth relative to developed countries, but also due to the fact that per capita meat consumption in developed regions is already high.

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