Home > Publications > OECD-FAO Agricultural Outlook 2015-2024
OECD-FAO Agricultural Outlook 2015-2024

In the Agricultural Outlook 2015-2024, FAO and OECD forecast a gradual decline in real prices for agricultural products. The decrease is forecasted as a result of strong crop yield, higher productivity, slower growth in global demand and lower oil prices. Agriculture trade is projected to increase more slowly than in the past decade. Market volatility will increase due to shrinking number of exporting countries and rising numbers of importing countries. Demand will increase in developing countries with population growth and rising per capita incomes. The associated rise in consumption of animal protein will cause the prices of coarse grains and oilseeds rise relatively to other crops i.e. food staples.