1887

OECD-FAO Agricultural Outlook 2015

image of OECD-FAO Agricultural Outlook 2015

This edition of the Agricultural Outlook – the twenty-first OECD edition and the eleventh prepared jointly with the Food and Agriculture Organization of the United Nations (FAO) – provides projections to 2024 for major agricultural commodities, biofuels and fish. The 2015 report provides a special focus on prospects and challenges for Brazilian agriculture.

The market projections not only cover OECD member countries (European Union as a region) but also FAO member countries, notably Brazil, the Russian Federation, India, People's Republic of China and South Africa.

English French, Spanish, Chinese

From Chapter: Statistical Annex
.

OECD-FAO Agricultural Outlook 2015 - © OECD 2015

‌A.2World prices
A.2World prices
  Nominal price
‌‌
‌‌
Average
2012-14est
‌2015‌
‌2016‌
‌2017‌
‌2018‌
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
CEREALS
 
 
 
 
 
 
 
 
 
 
 
 
Wheat 1
USD/t
302.0
 
246.6
 
249.0
 
248.2
 
249.5
 
256.7
 
258.5
 
262.2
 
266.3
 
270.2
 
271.8
 
Coarse Grains 2
USD/t
227.4
 
169.9
 
171.5
 
182.1
 
186.0
 
188.2
 
188.0
 
190.0
 
191.9
 
193.4
 
193.7
 
Rice 3
USD/t
518.9
 
369.8
 
374.9
 
384.8
 
399.4
 
411.9
 
416.0
 
430.3
 
438.8
 
443.5
 
449.4
 
Distiller's dry grains 4
USD/t
213.1
 
164.1
 
172.6
 
177.0
 
180.1
 
179.7
 
179.3
 
184.7
 
186.8
 
191.8
 
194.7
 
OILSEEDS
 
 
 
 
 
 
 
 
 
 
 
 
Oilseeds 5
USD/t
511.2
 
403.0
 
396.9
 
403.9
 
434.3
 
433.9
 
435.2
 
444.7
 
446.7
 
456.7
 
459.6
 
Protein meals 6
USD/t
453.1
 
354.1
 
356.4
 
354.4
 
375.0
 
378.4
 
379.8
 
396.2
 
398.0
 
408.7
 
411.1
 
Vegetable oils 7
USD/t
902.6
 
698.1
 
726.9
 
725.9
 
754.0
 
773.3
 
784.5
 
796.0
 
809.3
 
822.9
 
839.4
 
SWEETENERS
 
 
 
 
 
 
 
 
 
 
 
 
Raw sugar 8
USD/t rse
364.8
 
347.4
 
388.5
 
361.7
 
347.5
 
351.3
 
359.8
 
370.3
 
385.5
 
375.3
 
363.9
 
Refined sugar 9
USD/t rse
452.4
 
415.3
 
467.3
 
455.4
 
440.8
 
436.2
 
429.7
 
440.2
 
451.6
 
447.5
 
434.0
 
HFCS 10
USD/t
596.4
 
475.4
 
469.8
 
456.1
 
477.1
 
483.9
 
477.7
 
481.6
 
488.8
 
485.2
 
479.6
 
Molasses 11
USD/t
182.6
 
195.2
 
207.2
 
195.3
 
192.3
 
191.9
 
192.1
 
197.2
 
201.5
 
198.8
 
195.7
 
MEAT
 
 
 
 
 
 
 
 
 
 
 
 
Beef and veal
 
 
 
 
 
 
 
 
 
 
 
 
Price, EU 12
USD/t dw
4 940.5
 
4 607.7
 
4 238.8
 
4 235.9
 
4 215.7
 
4 079.4
 
3 969.8
 
4 046.2
 
4 077.4
 
4 041.6
 
4 007.3
 
Price, United States 13
USD/t dw
4 780.4
 
5 844.7
 
5 282.3
 
4 714.5
 
4 442.1
 
4 434.8
 
4 415.7
 
4 503.1
 
4 607.5
 
4 746.7
 
4 880.4
 
Price, Brazil 14
USD/t dw
3 014.0
 
3 000.3
 
2 987.1
 
2 973.3
 
2 827.6
 
2 759.4
 
2 719.7
 
2 784.9
 
2 821.5
 
2 845.3
 
2 871.8
 
Pigmeat
 
 
 
 
 
 
 
 
 
 
 
 
Price, EU 15
USD/t dw
2 265.2
 
2 155.2
 
2 083.3
 
2 193.6
 
2 180.4
 
2 261.3
 
2 395.7
 
2 433.3
 
2 345.9
 
2 225.3
 
2 220.9
 
Price, United States 16
USD/t dw
2 051.1
 
1 896.7
 
1 833.2
 
1 792.3
 
1 793.0
 
1 875.7
 
1 953.3
 
1 985.0
 
1 959.5
 
1 923.1
 
1 907.7
 
Price, Brazil 17
USD/t dw
1 574.0
 
1 580.1
 
1 496.2
 
1 497.4
 
1 483.8
 
1 551.9
 
1 605.1
 
1 640.0
 
1 625.0
 
1 587.8
 
1 570.6
 
Poultry meat
 
 
 
 
 
 
 
 
 
 
 
 
Price, EU 18
USD/t rtc
2 564.1
 
2 343.0
 
2 358.1
 
2 504.7
 
2 515.2
 
2 513.9
 
2 485.9
 
2 532.2
 
2 562.6
 
2 605.4
 
2 615.8
 
Price, United States 19
USD/t rtc
1 325.8
 
1 410.4
 
1 244.0
 
1 125.6
 
1 120.2
 
1 127.2
 
1 131.5
 
1 143.0
 
1 153.2
 
1 164.6
 
1 173.5
 
Price, Brazil 20
USD/t rtc
1 863.7
 
1 812.0
 
1 605.2
 
1 453.1
 
1 453.8
 
1 471.9
 
1 483.4
 
1 505.2
 
1 523.3
 
1 541.3
 
1 554.8
 
Sheep meat
 
 
 
 
 
 
 
 
 
 
 
 
Price, New Zealand 21
USD/t dw
4 528.3
 
4 351.4
 
4 214.2
 
4 021.8
 
4 084.0
 
4 116.1
 
4 159.8
 
4 222.9
 
4 269.6
 
4 305.7
 
4 346.3
 
FISH AND SEAFOOD
 
 
 
 
 
 
 
 
 
 
 
 
Product traded 22
USD/t
2 913.9
 
2 983.5
 
2 992.1
 
2 843.3
 
2 760.9
 
2 749.9
 
2 795.9
 
2 956.7
 
2 978.7
 
2 997.6
 
3 034.6
 
Aquaculture 23
USD/t
2 132.1
 
2 183.9
 
2 187.2
 
2 075.6
 
2 015.4
 
2 007.4
 
2 041.0
 
2 158.4
 
2 174.5
 
2 188.3
 
2 215.3
 
Capture 24
USD/t
1 525.2
 
1 528.7
 
1 564.4
 
1 535.5
 
1 521.2
 
1 537.2
 
1 566.2
 
1 621.5
 
1 644.4
 
1 666.9
 
1 693.5
 
Meal 25
USD/t
1 674.3
 
1 574.5
 
1 547.9
 
1 296.7
 
1 323.1
 
1 370.7
 
1 387.1
 
1 565.4
 
1 459.2
 
1 487.5
 
1 520.3
 
Oil 26
USD/t
1 951.3
 
1 731.1
 
1 661.1
 
1 571.5
 
1 575.9
 
1 608.8
 
1 639.0
 
1 823.1
 
1 700.1
 
1 727.0
 
1 754.5
 
DAIRY PRODUCTS
 
 
 
 
 
 
 
 
 
 
 
 
Butter 27
USD/t
3 695.2
 
3 386.7
 
3 433.1
 
3 578.3
 
3 570.5
 
3 634.9
 
3 648.1
 
3 710.7
 
3 783.8
 
3 852.0
 
3 937.5
 
Cheese 28
USD/t
4 226.0
 
3 667.5
 
3 974.1
 
4 130.4
 
4 201.3
 
4 299.0
 
4 345.6
 
4 456.5
 
4 557.5
 
4 639.8
 
4 714.4
 
Skim milk powder 29
USD/t
3 771.5
 
2 678.4
 
3 172.3
 
3 213.0
 
3 301.0
 
3 337.2
 
3 371.4
 
3 463.0
 
3 523.9
 
3 591.6
 
3 630.5
 
Whole milk powder 30
USD/t
3 900.1
 
2 940.6
 
3 263.4
 
3 357.4
 
3 394.7
 
3 443.8
 
3 473.5
 
3 559.7
 
3 615.8
 
3 682.3
 
3 728.1
 
Whey powder 31
USD/t
1 296.0
 
1 221.0
 
1 278.0
 
1 244.4
 
1 295.7
 
1 290.0
 
1 287.1
 
1 316.3
 
1 312.5
 
1 323.7
 
1 317.7
 
Casein 32
USD/t
8 924.4
 
8 682.5
 
9 215.1
 
9 120.9
 
9 305.9
 
9 207.0
 
9 213.4
 
9 338.0
 
9 331.6
 
9 434.2
 
9 338.2
 
BIOFUEL
 
 
 
 
 
 
 
 
 
 
 
 
Ethanol 33
USD/hl
62.4
 
51.7
 
54.6
 
58.1
 
58.8
 
58.3
 
58.1
 
59.4
 
60.8
 
61.3
 
60.3
 
Biodiesel 34
USD/hl
108.7
 
76.1
 
89.7
 
85.1
 
86.7
 
86.1
 
88.9
 
87.0
 
86.4
 
88.7
 
93.4
 
COTTON
 
 
 
 
 
 
 
 
 
 
 
 
Cotton 35
USD/t
1 830.6
 
1 377.3
 
1 396.5
 
1 472.6
 
1 551.9
 
1 678.2
 
1 718.3
 
1 709.1
 
1 713.3
 
1 725.6
 
1 754.9
 
A.2World prices(cont.)
  Real price
‌‌
‌‌
Average
2012-14est
‌2015‌
‌2016‌
‌2017‌
‌2018‌
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
CEREALS
 
 
 
 
 
 
 
 
 
 
 
 
Wheat 1
USD/t
286.5
 
226.5
 
224.3
 
219.4
 
216.3
 
218.2
 
215.3
 
214.1
 
213.1
 
211.9
 
208.9
 
Coarse Grains 2
USD/t
216.3
 
156.0
 
154.5
 
161.0
 
161.3
 
160.0
 
156.6
 
155.1
 
153.6
 
151.7
 
148.9
 
Rice 3
USD/t
492.8
 
339.6
 
337.7
 
340.2
 
346.3
 
350.1
 
346.6
 
351.3
 
351.2
 
347.8
 
345.4
 
Distiller's dry grains 4
USD/t
202.4
 
150.7
 
155.5
 
156.5
 
156.2
 
152.7
 
149.4
 
150.8
 
149.5
 
150.5
 
149.6
 
OILSEEDS
 
 
 
 
 
 
 
 
 
 
 
 
Oilseeds 5
USD/t
485.5
 
370.1
 
357.6
 
357.1
 
376.6
 
368.8
 
362.6
 
363.1
 
357.5
 
358.2
 
353.3
 
Protein meals 6
USD/t
430.3
 
325.2
 
321.0
 
313.4
 
325.1
 
321.6
 
316.4
 
323.5
 
318.5
 
320.5
 
316.0
 
Vegetable oils 7
USD/t
857.0
 
641.1
 
654.9
 
641.8
 
653.8
 
657.3
 
653.6
 
649.9
 
647.7
 
645.4
 
645.2
 
SWEETENERS
 
 
 
 
 
 
 
 
 
 
 
 
Raw sugar 8
USD/t rse
346.3
 
319.0
 
350.1
 
319.8
 
301.3
 
298.6
 
299.8
 
302.3
 
308.5
 
294.4
 
279.7
 
Refined sugar 9
USD/t rse
429.5
 
381.3
 
421.0
 
402.7
 
382.2
 
370.8
 
358.0
 
359.5
 
361.4
 
351.0
 
333.6
 
HFCS 10
USD/t
566.0
 
436.6
 
423.3
 
403.2
 
413.7
 
411.3
 
398.0
 
393.2
 
391.2
 
380.5
 
368.6
 
Molasses 11
USD/t
173.2
 
179.3
 
186.7
 
172.7
 
166.7
 
163.1
 
160.0
 
161.0
 
161.3
 
155.9
 
150.4
 
MEAT
 
 
 
 
 
 
 
 
 
 
 
 
Beef and veal
 
 
 
 
 
 
 
 
 
 
 
 
Price, EU 12
USD/t dw
4 685.7
 
4 231.3
 
3 818.8
 
3 745.1
 
3 655.3
 
3 467.6
 
3 307.2
 
3 303.9
 
3 263.0
 
3 169.8
 
3 080.2
 
Price, United States 13
USD/t dw
4 528.0
 
5 367.3
 
4 759.0
 
4 168.2
 
3 851.6
 
3 769.6
 
3 678.7
 
3 676.9
 
3 687.2
 
3 722.8
 
3 751.3
 
Price, Brazil 14
USD/t pw
2 859.1
 
2 755.2
 
2 691.1
 
2 628.8
 
2 451.8
 
2 345.5
 
2 265.8
 
2 273.9
 
2 257.9
 
2 231.6
 
2 207.3
 
Pigmeat
 
 
 
 
 
 
 
 
 
 
 
 
Price, EU 15
USD/t dw
2 147.7
 
1 979.1
 
1 876.9
 
1 939.4
 
1 890.6
 
1 922.1
 
1 995.9
 
1 986.9
 
1 877.3
 
1 745.3
 
1 707.1
 
Price, United States 16
USD/t dw
1 942.9
 
1 741.8
 
1 651.5
 
1 584.6
 
1 554.7
 
1 594.3
 
1 627.3
 
1 620.8
 
1 568.1
 
1 508.3
 
1 466.3
 
Price, Brazil 17
USD/t dw
1 492.0
 
1 451.1
 
1 347.9
 
1 323.9
 
1 286.5
 
1 319.1
 
1 337.2
 
1 339.1
 
1 300.4
 
1 245.3
 
1 207.2
 
Poultry meat
 
 
 
 
 
 
 
 
 
 
 
 
Price, EU 18
USD/t rtc
2 431.6
 
2 151.6
 
2 124.4
 
2 214.4
 
2 180.9
 
2 136.8
 
2 071.0
 
2 067.6
 
2 050.8
 
2 043.4
 
2 010.6
 
Price, United States 19
USD/t rtc
1 256.1
 
1 295.2
 
1 120.7
 
995.2
 
971.3
 
958.2
 
942.7
 
933.3
 
922.9
 
913.4
 
902.0
 
Price, Brazil 20
USD/t rtc
1 765.4
 
1 664.0
 
1 446.1
 
1 284.8
 
1 260.6
 
1 251.1
 
1 235.8
 
1 229.0
 
1 219.0
 
1 208.8
 
1 195.1
 
Sheep meat
 
 
 
 
 
 
 
 
 
 
 
 
Price, New Zealand 21
USD/t dw
4 297.3
 
3 996.0
 
3 796.6
 
3 555.7
 
3 541.2
 
3 498.8
 
3 465.5
 
3 448.1
 
3 416.8
 
3 376.9
 
3 340.7
 
FISH AND SEAFOOD
 
 
 
 
 
 
 
 
 
 
 
 
Product traded 22
USD/t
2 913.9
 
2 739.8
 
2 695.6
 
2 513.8
 
2 393.9
 
2 337.4
 
2 329.2
 
2 414.2
 
2 383.8
 
2 351.0
 
2 332.5
 
Aquaculture 23
USD/t
2 132.1
 
2 005.5
 
1 970.5
 
1 835.1
 
1 747.5
 
1 706.3
 
1 700.4
 
1 762.4
 
1 740.1
 
1 716.2
 
1 702.7
 
Capture 24
USD/t
1 525.2
 
1 403.9
 
1 409.4
 
1 357.6
 
1 319.0
 
1 306.7
 
1 304.8
 
1 324.0
 
1 315.9
 
1 307.3
 
1 301.7
 
Meal 25
USD/t
1 674.3
 
1 445.9
 
1 394.5
 
1 146.5
 
1 147.2
 
1 165.1
 
1 155.6
 
1 278.2
 
1 167.7
 
1 166.7
 
1 168.6
 
Oil 26
USD/t
1 951.3
 
1 589.7
 
1 496.5
 
1 389.4
 
1 366.4
 
1 367.5
 
1 365.5
 
1 488.6
 
1 360.5
 
1 354.5
 
1 348.6
 
DAIRY PRODUCTS
 
 
 
 
 
 
 
 
 
 
 
 
Butter 27
USD/t
3 502.2
 
3 110.1
 
3 093.0
 
3 163.7
 
3 095.9
 
3 089.7
 
3 039.2
 
3 029.9
 
3 028.0
 
3 021.1
 
3 026.5
 
Cheese 28
USD/t
4 004.6
 
3 367.9
 
3 580.3
 
3 651.8
 
3 642.8
 
3 654.2
 
3 620.3
 
3 638.9
 
3 647.2
 
3 639.0
 
3 623.6
 
Skim milk powder 29
USD/t
3 573.8
 
2 459.6
 
2 858.0
 
2 840.7
 
2 862.2
 
2 836.6
 
2 808.7
 
2 827.7
 
2 820.1
 
2 816.9
 
2 790.5
 
Whole milk powder 30
USD/t
3 696.1
 
2 700.4
 
2 940.1
 
2 968.3
 
2 943.5
 
2 927.3
 
2 893.7
 
2 906.6
 
2 893.6
 
2 888.0
 
2 865.5
 
Whey powder 31
USD/t
1 228.3
 
1 121.2
 
1 151.4
 
1 100.2
 
1 123.5
 
1 096.5
 
1 072.3
 
1 074.8
 
1 050.4
 
1 038.2
 
1 012.8
 
Casein 32
USD/t
8 455.4
 
7 973.3
 
8 302.1
 
8 064.0
 
8 068.9
 
7 826.0
 
7 675.6
 
7 624.7
 
7 467.7
 
7 399.2
 
7 177.7
 
BIOFUEL
 
 
 
 
 
 
 
 
 
 
 
 
Ethanol 33
USD/hl
59.2
 
47.5
 
49.2
 
51.4
 
51.0
 
49.6
 
48.4
 
48.5
 
48.6
 
48.1
 
46.3
 
Biodiesel 34
USD/hl
103.2
 
69.9
 
80.8
 
75.3
 
75.2
 
73.2
 
74.1
 
71.0
 
69.2
 
69.5
 
71.8
 
COTTON
 
 
 
 
 
 
 
 
 
 
 
 
Cotton 35
USD/t
1 737.8
 
1 264.8
 
1 258.1
 
1 301.9
 
1 345.6
 
1 426.5
 
1 431.5
 
1 395.5
 
1 371.1
 
1 353.4
 
1 348.9
 
Note: This table is a compilation of price information presented in the detailed commodity tables further in this annex. Prices for crops are on marketing year basis and those for meat and dairy products on calendar year basis. See Glossary of Terms for definitions.
Average 2012-14est: Data for 2014 are estimated.
Disclaimer: http://oe.cd/disclaimer
1.
No.2 hard red winter wheat, ordinary protein, United States f.o.b. Gulf Ports (June/May).
2.
No.2 yellow corn, United States f.o.b. Gulf Ports (September/August).
3.
Milled 100%, grade b, nominal price quote, f.o.b. Bangkok (January/December).
4.
Wholesale price, Central Illinois.
5.
Weighted average oilseed price, European port.
6.
Weighted average meal price, European port.
7.
Weighted average price of oilseed oils and palm oil, European port.
8.
Raw sugar world price, ICE contract No11 nearby, October/September.
9.
Refined sugar price,Euronext,Liffe,Contract No. 407 London,Europe, October/September.
10.
United States wholesale list price HFCS-55, October/September.
11.
Unit import price, Europe (October/September).
12.
EU average beef producer price.
13.
Choice steers, 1100-1300 lb lw, Nebraska - lw to dw conversion factor 0.63.
14.
Brazil average beef producer price.
15.
EU average pigmeat producer price.
16.
Barrows and gilts, No. 1-3, 230-250 lb lw, Iowa/South Minnesota - lw to dw conversion factor 0.74.
17.
Brazil average pigmeat producer price.
18.
EU average producer price.
19.
Wholesale weighted average broiler price 12 cities.
20.
Brazil average chicken for slaughter producer price.
21.
Lamb schedule price, all grade average.
22.
World unit value of trade (sum of exports and imports).
23.
World unit value of aquaculture fisheries production (live weight basis).
24.
FAO estimated value of world ex-vessel value of capture fisheries production excluding for reduction.
25.
Fishmeal, 64-65% protein, Hamburg, Germany.
26.
Fish oil any origin, N.W. Europe.
27.
F.o.b. export price, butter, 82% butterfat, Oceania.
28.
F.o.b. export price, cheddar cheese, 39% moisture, Oceania.
29.
F.o.b. export price, non-fat dry milk, 1.25% butterfat,Oceania.
30.
F.o.b. export price, WMP 26% butterfat, Oceania.
31.
Dry whey, Wholesale price, West region, United States.
32.
Export price, New Zealand.
33.
Wholesale price, United States, Omaha.
34.
Producer price Germany net of biodiesel tariff and energy tax.
35.
Cotlook A index, Middling 1 3/32", c.f.r. far Eastern ports (August/July).
Source: OECD/FAO (2015), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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