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OECD-FAO Agricultural Outlook 2008

image of OECD-FAO Agricultural Outlook 2008

This 2008 edition of the OECD/FAO Agricultural Outlook covers the outlook for commodity markets during the 2008 to 2017 period, and brings together the commodity, policy and country expertise of both Organisations. The report analyses world market trends for the main agricultural products, as well as biofuels and provides an assessment of agricultural market prospects for production, consumption, trade, stocks and prices of the included commodities.  This publication includes Statlinks, URLs linking to Excel® spreadsheet files containing background data, as well as a special chapter on high prices which analyses whether they are here to stay. The market projections cover OECD countries, as well as other key agricultural players including India, China, Brazil, the Russian Federation and Argentina, and many other non-OECD countries and regions.  In total, the projections encompass 39 countries and 19 regions.

"...the single best source of statistical data and forecast analysis for the world's commodities markets. Highly recommended"

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Oilseeds and Oilseed Products

In 2007, the rise in oilseed, oil and meal prices that started in 2005 and intensified in 2006 continued with unabated vigour. During 2006, prices in the oilseed complex started to come under the influence of external factors: prices rose even though supplies were ample relative to demand and in spite of high levels of global stocks, both in absolute terms and compared to total consumption. The rise in prices was driven by the tightness in the related world feedgrain market: the unprecedented rise in maize prices provided incentives to shift land out of oilseeds, driving up oilseed and oilmeal prices. The price development was reinforced by the fact that both oilseeds and vegetable oils were also in demand for biodiesel production, particularly in the EU and some south-east Asian countries.

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