1887

OECD-FAO Agricultural Outlook 2018-2027

image of OECD-FAO Agricultural Outlook 2018-2027

The fourteenth joint edition of the OECD-FAO Agricultural Outlook provides market projections for major agricultural commodities, biofuels and fish, as well as a special feature on the prospects and challenges of agriculture and fisheries in the Middle East and North Africa.

World agricultural markets have changed markedly since the food price spikes of 2007-8, as production has grown strongly while demand growth has started to weaken. In the coming decade, real agricultural prices are expected to remain low as a result of reduced growth in global food and feed demand. Net exports will tend to increase from land abundant countries and regions, notably in the Americas. Countries with limited natural resources, slow production expansion and high population growth will see rising net imports. Increasing import dependence is projected in particular for the Middle East and North Africa, where a scarcity of arable land and water constrains agricultural production.

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From Chapter: Statistical Annex
.

Table A.5 - World dairy projections: Butter and cheese

English French

OECD-FAO Agricultural Outlook 2018-2027 - © OECD 2018

‌A.5World dairy projections: Butter and cheese
A.5World dairy projections: Butter and cheese
  Calendar year
‌‌
‌‌
Average
2015-17est
‌2018‌
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
‌2025‌
‌2026‌
‌2027‌
BUTTER
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
11 081
 
11 612
 
11 844
 
12 061
 
12 319
 
12 586
 
12 869
 
13 156
 
13 449
 
13 748
 
14 060
 
Consumption
kt pw
11 005
 
11 555
 
11 770
 
12 011
 
12 269
 
12 536
 
12 818
 
13 105
 
13 398
 
13 697
 
14 008
 
Stock changes
kt pw
-5
 
5
 
22
 
-2
 
-3
 
-2
 
-2
 
-2
 
-1
 
-1
 
-1
 
Price 1
USD/t
3 933
 
4 514
 
4 228
 
4 274
 
4 300
 
4 373
 
4 370
 
4 386
 
4 413
 
4 450
 
4 469
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 737
 
4 817
 
4 856
 
4 903
 
4 959
 
5 007
 
5 065
 
5 125
 
5 182
 
5 234
 
5 294
 
Consumption
kt pw
4 143
 
4 235
 
4 249
 
4 307
 
4 354
 
4 397
 
4 442
 
4 489
 
4 534
 
4 578
 
4 625
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
6 343
 
6 794
 
6 988
 
7 157
 
7 360
 
7 579
 
7 804
 
8 031
 
8 267
 
8 514
 
8 766
 
Consumption
kt pw
6 861
 
7 320
 
7 521
 
7 704
 
7 916
 
8 139
 
8 376
 
8 615
 
8 864
 
9 119
 
9 384
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 562
 
4 642
 
4 684
 
4 734
 
4 795
 
4 846
 
4 908
 
4 973
 
5 033
 
5 090
 
5 153
 
Consumption
kt pw
3 976
 
4 060
 
4 073
 
4 131
 
4 178
 
4 222
 
4 267
 
4 315
 
4 360
 
4 404
 
4 451
 
Stock changes
kt pw
0
 
11
 
28
 
2
 
1
 
0
 
0
 
0
 
0
 
0
 
0
 
CHEESE
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
22 809
 
23 713
 
24 025
 
24 324
 
24 653
 
24 975
 
25 298
 
25 602
 
25 909
 
26 213
 
26 507
 
Consumption
kt pw
22 705
 
23 654
 
23 897
 
24 181
 
24 518
 
24 840
 
25 163
 
25 468
 
25 778
 
26 082
 
26 376
 
Stock changes
kt pw
38
 
-52
 
16
 
32
 
23
 
24
 
22
 
22
 
19
 
19
 
20
 
Price 3
USD/t
3 425
 
3 699
 
3 787
 
3 878
 
3 920
 
3 985
 
4 024
 
4 064
 
4 115
 
4 168
 
4 218
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
18 174
 
18 909
 
19 143
 
19 351
 
19 606
 
19 851
 
20 095
 
20 325
 
20 558
 
20 786
 
21 005
 
Consumption
kt pw
17 192
 
17 962
 
18 085
 
18 255
 
18 469
 
18 670
 
18 874
 
19 059
 
19 249
 
19 437
 
19 611
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 635
 
4 805
 
4 882
 
4 974
 
5 047
 
5 124
 
5 203
 
5 277
 
5 351
 
5 427
 
5 502
 
Consumption
kt pw
5 513
 
5 691
 
5 812
 
5 926
 
6 049
 
6 169
 
6 290
 
6 408
 
6 529
 
6 645
 
6 764
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
17 622
 
18 336
 
18 555
 
18 747
 
18 997
 
19 231
 
19 469
 
19 693
 
19 922
 
20 147
 
20 365
 
Consumption
kt pw
16 811
 
17 543
 
17 661
 
17 827
 
18 037
 
18 234
 
18 434
 
18 616
 
18 802
 
18 987
 
19 153
 
Stock changes
kt pw
38
 
-52
 
16
 
32
 
23
 
24
 
22
 
22
 
19
 
19
 
20
 
Note: Calendar year; except year ending 30 June for Australia and 31 May for New Zealand in aggregates.
Average 2015-17est: Data for 2017 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 (2018), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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