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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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Sugar

This chapter describes the market situation and the latest set of quantitative medium-term projections for global and national sugar markets for the ten crop-year period, 2014-23. It covers the developments expected in world and national sugar prices, production, use, trade (imports and exports) and stocks (including stock-to-use). The quantitative projections are developed using the partial equilibrium Aglink-Cosimo model of world agriculture. The chapter also includes two boxes that explain market impacts of EU sweetener production quotas and the challenges that the US sugar programme faces in removing sugar surpluses. The chapter concludes with a discussion of some main issues and uncertainties that may have an impact on the medium-term outlook for sugar. These include sugar policies, and specific market developments influencing production, consumption and trade in sugar.

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