1887

OECD-FAO Agricultural Outlook 2017-2026

image of OECD-FAO Agricultural Outlook 2017-2026

Over the ten-year Outlook period, agricultural markets are projected to remain weak, with growth in China weakening and biofuel policies having less impact on markets than in the past. Future growth in crop production will be attained mostly by increasing yields, and growth in meat and dairy production from both higher animal stocks and improved yields. Agricultural trade is expected to grow more slowly, but remain less sensitive to weak economic conditions than other sectors. These demand, supply and trade pressures are all evident in Southeast Asia, where this report identifies scope to improve agricultural productivity sustainably. Real prices are expected to remain flat or decline for most commodities.

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From Chapter: Commodity snapshots
.

Table 3.A1.5 - World dairy projections: Butter and cheese

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OECD-FAO Agricultural Outlook 2017-2026 - © OECD 2017

‌3.A1.5World dairy projections: Butter and cheese
3.A1.5World dairy projections: Butter and cheese
  Calendar year
‌‌
‌‌
Average
2014-16est
‌2017‌
‌2018‌
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
‌2025‌
‌2026‌
BUTTER
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
10 905
 
11 379
 
11 644
 
11 902
 
12 161
 
12 412
 
12 662
 
12 888
 
13 108
 
13 348
 
13 593
 
Consumption
kt pw
10 831
 
11 379
 
11 609
 
11 869
 
12 131
 
12 380
 
12 631
 
12 857
 
13 077
 
13 317
 
13 561
 
Stock changes
kt pw
13
 
-3
 
3
 
1
 
-3
 
0
 
-1
 
-2
 
-1
 
-2
 
-1
 
Price 1
USD/t
3 396
 
3 925
 
3 736
 
3 788
 
3 852
 
3 935
 
3 982
 
4 063
 
4 130
 
4 214
 
4 248
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 725
 
4 877
 
4 966
 
5 068
 
5 155
 
5 221
 
5 296
 
5 350
 
5 403
 
5 464
 
5 526
 
Consumption
kt pw
4 131
 
4 316
 
4 356
 
4 434
 
4 501
 
4 547
 
4 597
 
4 631
 
4 659
 
4 702
 
4 745
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
6 180
 
6 503
 
6 678
 
6 835
 
7 006
 
7 191
 
7 367
 
7 538
 
7 705
 
7 884
 
8 067
 
Consumption
kt pw
6 700
 
7 064
 
7 252
 
7 435
 
7 630
 
7 833
 
8 033
 
8 227
 
8 419
 
8 615
 
8 815
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 528
 
4 691
 
4 780
 
4 881
 
4 968
 
5 034
 
5 107
 
5 159
 
5 210
 
5 270
 
5 330
 
Consumption
kt pw
3 930
 
4 156
 
4 193
 
4 268
 
4 332
 
4 378
 
4 425
 
4 456
 
4 480
 
4 522
 
4 564
 
Stock changes
kt pw
13
 
-3
 
3
 
1
 
-3
 
0
 
-1
 
-2
 
-1
 
-2
 
-1
 
CHEESE
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
22 471
 
23 139
 
23 526
 
23 888
 
24 240
 
24 520
 
24 856
 
25 197
 
25 520
 
25 849
 
26 193
 
Consumption
kt pw
22 273
 
23 064
 
23 401
 
23 760
 
24 101
 
24 381
 
24 714
 
25 054
 
25 376
 
25 711
 
26 049
 
Stock changes
kt pw
37
 
-51
 
0
 
2
 
14
 
14
 
17
 
17
 
18
 
13
 
19
 
Price 3
USD/t
3 633
 
3 644
 
3 604
 
3 700
 
3 775
 
3 863
 
3 946
 
4 038
 
4 121
 
4 210
 
4 276
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
17 843
 
18 410
 
18 673
 
18 930
 
19 184
 
19 365
 
19 602
 
19 854
 
20 090
 
20 338
 
20 600
 
Consumption
kt pw
16 964
 
17 609
 
17 805
 
18 051
 
18 283
 
18 451
 
18 672
 
18 900
 
19 109
 
19 330
 
19 555
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 628
 
4 729
 
4 853
 
4 958
 
5 057
 
5 156
 
5 254
 
5 343
 
5 430
 
5 512
 
5 594
 
Consumption
kt pw
5 309
 
5 455
 
5 596
 
5 709
 
5 818
 
5 929
 
6 041
 
6 155
 
6 267
 
6 380
 
6 494
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
17 334
 
17 896
 
18 174
 
18 435
 
18 691
 
18 873
 
19 108
 
19 354
 
19 586
 
19 831
 
20 092
 
Consumption
kt pw
16 593
 
17 280
 
17 471
 
17 714
 
17 942
 
18 107
 
18 324
 
18 547
 
18 753
 
18 970
 
19 192
 
Stock changes
kt pw
37
 
-51
 
0
 
2
 
14
 
14
 
17
 
17
 
18
 
13
 
19
 
Note: Calendar year: Year ending 30 June for Australia and 31 May for New Zealand in OECD aggregate.
Average 2014-16est: Data for 2016 are estimated.
Disclaimer: http://oe.cd/disclaimer
1.
FOB export price, butter, 82% butterfat, Oceania.
2.
Excludes Iceland but includes all EU28 member countries.
3.
FOB export price, cheddar cheese, 39% moisture, Oceania.
Source: OECD/FAO (2017), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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