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OECD-FAO Agricultural Outlook 2014

image of 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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Cotton

This chapter summarises the current situation and medium-term projections for world cotton markets during 2014-23. Expected developments in national and global cotton prices, production, use, trade (imports and exports) and stocks, and the background to these developments, are discussed. The underlying quantitative projections are developed with the aid of the partial equilibrium Aglink-Cosimo model of world agriculture. A separate section examines China’s cotton policies, which are a significant source of variation and uncertainty during the outlook period. Other sources of uncertainty addressed include shifts in consumer demand and trends in both agricultural and industrial technology.

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