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OECD-FAO Agricultural Outlook 2007

image of OECD-FAO Agricultural Outlook 2007
This thirteenth edition of the annual Agricultural Outlook - and the third prepared jointly with the FAO - provides an assessment of agricultural market prospects based on projections that extend to 2016 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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Meat

The standard factors influencing the meat Outlook, including exchange rate movements, the rates of income and population growth, remain key to the evolution of the markets for meat. However, many other factors condition how markets will evolve, both internationally and at national levels. Meat markets will remain heavily affected by the incidence of animal disease outbreaks, associated increasing standards for meat safety and for animal welfare. Environmental standards will also play an increasing role in the future. Other factors include new policy initiatives by governments, the recent impact of the Australian drought, renewed competition from North American exports in the Pacific meat market, changes in disease-related trade barriers and the impact of renewable energy (bioethanol and bio-diesel) production on feed prices. Taken together, these meat trade and price shocks will increase the complexity of trade patterns, with additional countries importing and exporting meat, as events unfold.

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