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OECD-FAO Agricultural Outlook 2006

image of OECD-FAO Agricultural Outlook 2006

This twelfth edition of the annual Agricultural Outlook - and the second prepared jointly with the FAO - provides an assessment of agricultural market prospects based on projections that extend to 2015 for production, consumption, trade, stocks and prices of mainly temperate zone agricultural commodities. These projections are based on specific assumptions regarding global macroeconomic conditions, population growth, national agricultural and trade policies, production technologies, and weather conditions.  It shows how these markets are influenced by economic developments and government policies and highlights some of the risks and uncertainties that may influence market outcomes. In addition to OECD countries, the market projections in the report cover a large number of other countries and regions including the agricultural giants of India, China, Brazil and Russia as well as Argentina, South Africa and several least developed countries.

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Overview

The Agricultural Outlook this year has again been prepared jointly by the OECD and the Food and Agriculture Organization (FAO) of the United Nations in Rome. As such, the report draws on the commodity, policy and country expertise of both Organisations, to produce this medium term assessment of global commodity markets. The trends in production, consumption, stocks, trade and prices described and analysed in this report cover the years 2006 to 2015. The projections which are presented in the statistical annex reflect specific assumptions concerning key macroeconomic variables as well as agricultural and trade policies. These are discussed below. The projections do not take account of weather shocks and related impacts on crop yields and livestock production. Likewise, no additional outbreaks of animal diseases over the medium term are included in this analysis. There is a clear possibility that such events will occur in reality, and these constitute some of the important uncertainties in the Outlook.

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