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.6 - World dairy projections: Powders and casein

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

‌A.6World dairy projections: Powders and casein
A.6World dairy projections: Powders and casein
  Calendar year
‌‌
‌‌
Average
2015-17est
‌2018‌
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
‌2025‌
‌2026‌
‌2027‌
SKIM MILK POWDER
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 505
 
4 595
 
4 665
 
4 707
 
4 764
 
4 846
 
4 910
 
4 974
 
5 037
 
5 098
 
5 163
 
Consumption
kt pw
4 348
 
4 570
 
4 683
 
4 726
 
4 749
 
4 809
 
4 850
 
4 913
 
4 973
 
5 033
 
5 096
 
Stock changes
kt pw
96
 
-36
 
-79
 
-80
 
-45
 
-23
 
0
 
0
 
3
 
5
 
7
 
Price 1
USD/t
2 069
 
2 077
 
2 296
 
2 369
 
2 438
 
2 530
 
2 603
 
2 668
 
2 738
 
2 817
 
2 895
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
3 924
 
3 998
 
4 048
 
4 076
 
4 119
 
4 185
 
4 234
 
4 285
 
4 336
 
4 381
 
4 432
 
Consumption
kt pw
2 018
 
2 131
 
2 188
 
2 175
 
2 141
 
2 148
 
2 134
 
2 142
 
2 145
 
2 150
 
2 158
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
581
 
597
 
618
 
631
 
644
 
662
 
675
 
689
 
701
 
718
 
731
 
Consumption
kt pw
2 331
 
2 439
 
2 495
 
2 552
 
2 608
 
2 661
 
2 716
 
2 771
 
2 828
 
2 883
 
2 938
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
3 688
 
3 767
 
3 795
 
3 824
 
3 868
 
3 931
 
3 981
 
4 034
 
4 086
 
4 132
 
4 184
 
Consumption
kt pw
2 039
 
2 101
 
2 161
 
2 161
 
2 127
 
2 134
 
2 120
 
2 128
 
2 131
 
2 136
 
2 143
 
Stock changes
kt pw
96
 
-36
 
-79
 
-80
 
-45
 
-23
 
0
 
0
 
3
 
5
 
7
 
WHOLE MILK POWDER
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
5 317
 
5 524
 
5 635
 
5 729
 
5 829
 
5 927
 
6 024
 
6 116
 
6 207
 
6 277
 
6 346
 
Consumption
kt pw
5 227
 
5 518
 
5 635
 
5 729
 
5 829
 
5 928
 
6 024
 
6 117
 
6 208
 
6 277
 
6 347
 
Stock changes
kt pw
-7
 
6
 
0
 
0
 
0
 
0
 
-1
 
-1
 
-1
 
-1
 
-1
 
Price 3
USD/t
2 664
 
2 961
 
3 128
 
3 220
 
3 290
 
3 378
 
3 445
 
3 502
 
3 575
 
3 640
 
3 710
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
2 344
 
2 331
 
2 363
 
2 392
 
2 428
 
2 460
 
2 498
 
2 537
 
2 574
 
2 609
 
2 640
 
Consumption
kt pw
598
 
618
 
635
 
643
 
651
 
660
 
669
 
677
 
685
 
693
 
701
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
2 973
 
3 193
 
3 271
 
3 337
 
3 401
 
3 468
 
3 526
 
3 579
 
3 632
 
3 668
 
3 706
 
Consumption
kt pw
4 629
 
4 899
 
4 999
 
5 086
 
5 178
 
5 267
 
5 356
 
5 439
 
5 522
 
5 584
 
5 645
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
2 523
 
2 514
 
2 543
 
2 572
 
2 608
 
2 638
 
2 676
 
2 715
 
2 751
 
2 786
 
2 816
 
Consumption
kt pw
793
 
801
 
820
 
830
 
840
 
852
 
863
 
874
 
885
 
895
 
906
 
Stock changes
kt pw
-7
 
6
 
0
 
0
 
0
 
0
 
-1
 
-1
 
-1
 
-1
 
-1
 
WHEY POWDER
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale price, United States 4
USD/t
883
 
1 081
 
1 158
 
1 220
 
1 178
 
1 187
 
1 216
 
1 244
 
1 278
 
1 328
 
1 359
 
CASEIN
 
 
 
 
 
 
 
 
 
 
 
 
Price 5
USD/t
6 329
 
6 546
 
7 313
 
7 490
 
7 650
 
7 832
 
8 017
 
8 170
 
8 364
 
8 557
 
8 754
 
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, 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 (2018), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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