OECD-FAO Agricultural Outlook 2014
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OECD-FAO Agricultural Outlook 2014

This twentieth edition of the Agricultural Outlook, and the tenth prepared jointly with the UN Food and Agriculture Organization (FAO), provides market projections to 2023 for major agricultural commodities, biofuels and fish across 41 countries and 12 regions: OECD member countries (European Union as a region), key non-OECD agricultural producers (such as India, China, Brazil, Russian Federation and Argentina) and groups of smaller non-OECD economies in a more aggregated form. This edition includes a special focus on India.

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Author(s):
OECD

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This chapter describes the market situation and the latest set of quantitative medium-term projections for global and national dairy markets for the ten-year period, 2014-23. The discussion of the medium-term market prospects for dairy covers the developments expected in national milk production, and world and national dairy product prices, production, food consumption and trade (imports and exports). The quantitative projections are developed with the aid of the partial equilibrium Aglink-Cosimo model of world agriculture. Included in the chapter are two boxes on i) challenges and opportunities facing China’s dairy sector and ii) milk and dairy products in human nutrition. The chapter concludes with a discussion of some main issues and uncertainties affecting the medium-term outlook for dairy. These include dairy policies, and specific market development influencing production, consumption and trade in dairy.

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