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.

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English Also available in: French



World sugar market fundamentals are bearish at the start of the long-term outlook. A near record sugar surplus has overhung the world sugar economy in 2006-07, and a similar situation is expected for 2007-08, as record sugar production continues to outstrip the more steady growth in global consumption. The surplus resulted in sharply lower world sugar prices in 2006-07 with a build-up of global ending stocks, an increasing stocks-to-use ratio that approached 53% and a trade surplus. In spite of the sugar glut, world sugar prices initially rallied in late 2007, but have subsequently weakened, reflecting a change in market sentiment and sugar price dynamics.

English Also available in: French

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