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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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Overview of the OECD-FAO Outlook 2014-2023

The Agricultural Outlook is a collaborative effort of the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations. It combines the commodity, policy and country expertise of both organisations with inputs from collaborating member countries and international organisations to provide an annual assessment of medium-term projections of national, regional and global agricultural commodity markets. The projections cover production, consumption, stocks, trade and prices for 25 products for the period 2014 to 2023. These projections constitute a plausible scenario of how global agriculture would develop under a certain set of assumptions about its main drivers, productivity, macroeconomic and population trends as well as agricultural and trade policy settings of countries around the world. Given the uncertainties which surround agricultural markets, the final section of the Overview discusses important assumptions affecting the future evolution of agricultural markets and the sensitivity of the baseline projections to selected conditioning factors.

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