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.A1.6 - World dairy projections: Powders and casein

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

‌3.A1.6World dairy projections: Powders and casein
3.A1.6World dairy projections: Powders and casein
  Calendar year
‌‌
‌‌
Average
2014-16est
‌2017‌
‌2018‌
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
‌2025‌
‌2026‌
SKIM MILK POWDER
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 474
 
4 445
 
4 396
 
4 586
 
4 796
 
4 917
 
5 016
 
5 134
 
5 240
 
5 343
 
5 452
 
Consumption
kt pw
4 316
 
4 431
 
4 596
 
4 711
 
4 804
 
4 911
 
5 009
 
5 130
 
5 239
 
5 344
 
5 456
 
Stock changes
kt pw
16
 
2
 
0
 
2
 
2
 
-3
 
-1
 
-3
 
-3
 
-4
 
-6
 
Price 1
USD/t
2 637
 
2 522
 
2 554
 
2 739
 
2 859
 
2 977
 
3 100
 
3 217
 
3 307
 
3 424
 
3 530
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
3 878
 
3 840
 
3 787
 
3 959
 
4 152
 
4 258
 
4 341
 
4 443
 
4 536
 
4 625
 
4 718
 
Consumption
kt pw
2 019
 
2 066
 
2 158
 
2 222
 
2 258
 
2 305
 
2 345
 
2 398
 
2 443
 
2 486
 
2 532
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
595
 
604
 
608
 
627
 
644
 
659
 
674
 
691
 
704
 
718
 
734
 
Consumption
kt pw
2 297
 
2 365
 
2 438
 
2 490
 
2 546
 
2 606
 
2 664
 
2 732
 
2 795
 
2 858
 
2 924
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
3 646
 
3 621
 
3 575
 
3 745
 
3 937
 
4 043
 
4 125
 
4 227
 
4 320
 
4 408
 
4 500
 
Consumption
kt pw
2 047
 
2 127
 
2 222
 
2 290
 
2 330
 
2 381
 
2 425
 
2 482
 
2 531
 
2 578
 
2 632
 
Stock changes
kt pw
16
 
2
 
0
 
2
 
2
 
-3
 
-1
 
-3
 
-3
 
-4
 
-6
 
WHOLE MILK POWDER
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
5 166
 
5 404
 
5 497
 
5 596
 
5 695
 
5 816
 
5 939
 
6 050
 
6 162
 
6 265
 
6 372
 
Consumption
kt pw
5 238
 
5 394
 
5 495
 
5 595
 
5 694
 
5 816
 
5 939
 
6 050
 
6 163
 
6 266
 
6 372
 
Stock changes
kt pw
1
 
8
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
Price 3
USD/t
2 889
 
3 120
 
3 066
 
3 207
 
3 302
 
3 417
 
3 513
 
3 613
 
3 696
 
3 803
 
3 883
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
2 387
 
2 371
 
2 398
 
2 431
 
2 469
 
2 522
 
2 568
 
2 615
 
2 665
 
2 716
 
2 759
 
Consumption
kt pw
615
 
608
 
591
 
604
 
618
 
632
 
646
 
660
 
674
 
686
 
694
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
2 779
 
3 033
 
3 099
 
3 165
 
3 226
 
3 295
 
3 371
 
3 434
 
3 497
 
3 549
 
3 612
 
Consumption
kt pw
4 623
 
4 786
 
4 904
 
4 990
 
5 076
 
5 184
 
5 293
 
5 390
 
5 489
 
5 579
 
5 677
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
2 566
 
2 554
 
2 585
 
2 620
 
2 660
 
2 714
 
2 762
 
2 811
 
2 863
 
2 918
 
2 964
 
Consumption
kt pw
784
 
783
 
771
 
789
 
808
 
827
 
847
 
866
 
885
 
904
 
919
 
Stock changes
kt pw
1
 
8
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
WHEY POWDER
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale price, United States 4
USD/t
981
 
948
 
978
 
1 031
 
1 075
 
1 127
 
1 157
 
1 205
 
1 234
 
1 279
 
1 319
 
CASEIN
 
 
 
 
 
 
 
 
 
 
 
 
Price 5
USD/t
7 404
 
7 138
 
7 268
 
7 669
 
7 990
 
8 283
 
8 588
 
8 873
 
9 096
 
9 390
 
9 649
 
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, non-fat dry milk, 1.25% butterfat, Oceania.
2.
Excludes Iceland but includes all EU28 member countries.
3.
FOB export price, WMP 26% butterfat, Oceania.
4.
FOB export price, sweet whey non-hygroscopic, Western Europe.
5.
Export price, New Zealand.
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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