OECD-FAO Agricultural Outlook 2018-2027 - © OECD 2018
| A.11 | World prices | ||||||||||||
| A.11 | World prices | ||||||||||||
| Nominal price | |||||||||||||
| | | | Average 2015-17est | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| | CEREALS | ||||||||||||
| | Wheat 1 | USD/t | 206.6 | 209.1 | 213.8 | 219.1 | 222.2 | 223.2 | 223.6 | 223.3 | 224.7 | 226.8 | 229.1 |
| | Maize 2 | USD/t | 155.9 | 158.7 | 163.2 | 167.4 | 172.6 | 174.6 | 174.0 | 172.4 | 172.2 | 172.4 | 173.0 |
| | Other coarse grains 3 | USD/t | 167.1 | 163.9 | 169.8 | 173.1 | 176.0 | 179.3 | 181.0 | 182.3 | 184.4 | 186.7 | 189.4 |
| | Rice 4 | USD/t | 404.7 | 412.3 | 410.6 | 409.9 | 414.1 | 419.6 | 423.9 | 425.8 | 427.2 | 428.5 | 431.0 |
| | Distiller's dry grains 5 | USD/t | 128.3 | 136.6 | 141.5 | 144.9 | 148.4 | 150.3 | 150.4 | 149.5 | 149.7 | 149.9 | 150.5 |
| | OILSEEDS | ||||||||||||
| | Soybean 6 | USD/t | 399.7 | 393.7 | 409.1 | 416.6 | 421.1 | 425.7 | 430.8 | 436.4 | 441.4 | 447.3 | 452.5 |
| | Other oilseeds 7 | USD/t | 424.0 | 439.2 | 452.6 | 456.3 | 463.3 | 465.2 | 469.0 | 472.3 | 478.4 | 481.5 | 487.7 |
| | Protein meals 8 | USD/t | 316.8 | 312.9 | 323.8 | 333.0 | 340.7 | 344.3 | 349.1 | 350.7 | 356.8 | 360.8 | 366.0 |
| | Vegetable oils 9 | USD/t | 783.5 | 828.6 | 829.0 | 829.9 | 834.3 | 842.9 | 852.5 | 862.8 | 874.6 | 883.0 | 892.0 |
| | SWEETENERS | ||||||||||||
| | Raw sugar 10 | USD/t | 359.7 | 346.9 | 352.7 | 357.4 | 362.9 | 367.8 | 372.6 | 377.7 | 383.2 | 388.1 | 392.3 |
| | Refined sugar 11 | USD/t | 442.7 | 417.3 | 434.0 | 437.8 | 443.0 | 448.1 | 452.7 | 457.3 | 462.4 | 467.3 | 471.7 |
| | HFCS 12 | USD/t dw | 613.8 | 503.7 | 519.5 | 526.8 | 538.4 | 546.5 | 551.8 | 555.2 | 560.6 | 566.2 | 572.1 |
| | Molasses 13 | USD/t | 152.6 | 157.8 | 169.5 | 177.8 | 182.6 | 182.9 | 181.6 | 179.8 | 179.5 | 180.0 | 181.3 |
| | MEAT | ||||||||||||
| | Beef and veal | ||||||||||||
| | Price, EU 14 | USD/t dwt | 4 154.7 | 4 054.3 | 3 958.8 | 3 980.7 | 3 984.3 | 3 944.9 | 3 905.0 | 3 874.2 | 3 885.8 | 3 904.3 | 3 943.0 |
| | Price, United States 15 | USD/t dwt | 4 628.5 | 4 179.4 | 4 041.3 | 3 978.8 | 3 964.5 | 3 921.7 | 3 886.3 | 3 872.1 | 3 909.2 | 3 954.0 | 3 999.8 |
| | Price, Brazil 16 | USD/t dwt | 4 004.3 | 3 846.5 | 3 769.8 | 3 783.3 | 3 812.2 | 3 789.9 | 3 770.1 | 3 724.5 | 3 738.5 | 3 751.5 | 3 781.0 |
| | Pigmeat | ||||||||||||
| | Price, EU 17 | USD/t dwt | 1 673.7 | 1 736.4 | 1 750.8 | 1 842.5 | 1 933.8 | 1 991.8 | 2 013.4 | 1 953.6 | 1 878.8 | 1 891.2 | 1 966.3 |
| | Price, United States 18 | USD/t dwt | 1 499.0 | 1 442.2 | 1 414.5 | 1 486.5 | 1 562.0 | 1 614.2 | 1 636.1 | 1 587.0 | 1 520.1 | 1 529.8 | 1 591.4 |
| | Price, Brazil 19 | USD/t dwt | 2 374.7 | 2 278.6 | 2 296.9 | 2 422.6 | 2 536.7 | 2 599.8 | 2 610.4 | 2 535.2 | 2 472.3 | 2 497.7 | 2 589.5 |
| | Poultry meat | ||||||||||||
| | Price, EU 20 | USD/t rtc | 2 025.0 | 2 006.8 | 1 968.3 | 1 986.3 | 2 019.7 | 2 025.0 | 2 025.8 | 2 009.0 | 1 998.6 | 1 992.0 | 1 972.3 |
| | Price, United States 21 | USD/t rtc | 1 192.2 | 1 140.7 | 1 166.5 | 1 187.1 | 1 215.9 | 1 222.0 | 1 221.3 | 1 216.6 | 1 213.2 | 1 211.4 | 1 211.3 |
| | Price, Brazil 22 | USD/t rtc | 1 609.0 | 1 586.1 | 1 633.4 | 1 666.8 | 1 708.6 | 1 719.5 | 1 721.6 | 1 719.3 | 1 719.5 | 1 721.2 | 1 725.5 |
| | Sheep meat | ||||||||||||
| | Price, New Zealand 23 | USD/t dwt | 3 735.0 | 3 870.5 | 3 791.3 | 3 840.5 | 3 776.0 | 3 749.9 | 3 829.2 | 3 848.7 | 3 869.9 | 3 897.7 | 3 915.6 |
| | FISH AND SEAFOOD | ||||||||||||
| | Product traded 24 | USD/t | 2 827.8 | 2 942.4 | 3 106.0 | 3 147.1 | 3 319.0 | 3 278.3 | 3 332.4 | 3 354.4 | 3 398.1 | 3 447.8 | 3 499.3 |
| | Aquaculture 25 | USD/t | 2 877.6 | 2 587.0 | 2 726.6 | 2 719.6 | 2 865.3 | 2 825.3 | 2 871.1 | 2 893.2 | 2 970.2 | 3 013.2 | 3 067.0 |
| | Capture 26 | USD/t | 1 557.4 | 1 603.1 | 1 664.6 | 1 684.3 | 1 748.1 | 1 734.6 | 1 755.2 | 1 764.4 | 1 781.5 | 1 803.1 | 1 818.9 |
| | Meal 27 | USD/t | 1 474.7 | 1 475.7 | 1 507.2 | 1 507.5 | 1 621.9 | 1 574.3 | 1 601.9 | 1 632.4 | 1 657.5 | 1 762.9 | 1 720.3 |
| | Oil 28 | USD/t | 1 654.7 | 1 645.4 | 1 798.5 | 1 833.6 | 1 979.9 | 1 825.7 | 1 857.7 | 1 864.7 | 1 888.1 | 2 137.7 | 1 919.2 |
| | DAIRY PRODUCTS | ||||||||||||
| | Butter 29 | USD/t | 3 932.5 | 4 514.0 | 4 228.3 | 4 274.0 | 4 300.2 | 4 373.2 | 4 370.5 | 4 385.8 | 4 413.4 | 4 449.6 | 4 468.6 |
| | Cheese 30 | USD/t | 3 424.5 | 3 699.4 | 3 787.1 | 3 877.7 | 3 920.4 | 3 985.0 | 4 023.9 | 4 063.7 | 4 115.3 | 4 167.5 | 4 217.7 |
| | Skim milk powder 31 | USD/t | 2 069.1 | 2 076.6 | 2 295.7 | 2 369.2 | 2 437.7 | 2 529.8 | 2 603.2 | 2 667.8 | 2 738.4 | 2 816.8 | 2 894.7 |
| | Whole milk powder 32 | USD/t | 2 664.0 | 2 960.6 | 3 127.9 | 3 220.1 | 3 290.3 | 3 377.6 | 3 445.4 | 3 502.0 | 3 574.9 | 3 639.6 | 3 710.0 |
| | Whey powder 33 | USD/t | 883.3 | 1 080.9 | 1 158.3 | 1 219.8 | 1 178.2 | 1 186.9 | 1 215.8 | 1 244.1 | 1 278.4 | 1 328.3 | 1 359.0 |
| | Casein 34 | USD/t | 6 329.1 | 6 546.5 | 7 313.2 | 7 489.7 | 7 649.7 | 7 831.7 | 8 017.4 | 8 170.3 | 8 364.0 | 8 556.8 | 8 754.3 |
| | BIOFUEL | ||||||||||||
| | Ethanol 35 | USD/hl | 44.5 | 45.8 | 46.7 | 47.5 | 48.4 | 49.7 | 50.6 | 51.3 | 51.5 | 51.9 | 52.4 |
| | Biodiesel 36 | USD/hl | 85.1 | 91.5 | 91.8 | 91.9 | 91.9 | 91.7 | 91.9 | 91.9 | 92.8 | 92.3 | 93.4 |
| | COTTON | ||||||||||||
| | Cotton 37 | USD/t | 1 697.4 | 1 597.2 | 1 436.1 | 1 450.4 | 1 469.9 | 1 517.0 | 1 537.9 | 1 542.6 | 1 541.7 | 1 539.5 | 1 544.1 |
| | ROOTS AND TUBERS | ||||||||||||
| | Roots and tubers 38 | USD/t | 377.0 | 372.6 | 388.3 | 400.9 | 408.0 | 410.7 | 410.4 | 410.5 | 413.8 | 415.5 | 418.1 |
| | USA GDP Deflator (2010=1) | Index | 1.103 | 1.144 | 1.169 | 1.197 | 1.224 | 1.252 | 1.281 | 1.310 | 1.340 | 1.371 | 1.403 |
| A.11 | World prices(cont.) | ||||||||||||
| Real price | |||||||||||||
| | | | Average 2015-17est | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| | CEREALS | ||||||||||||
| | Wheat 1 | USD/t | 187.4 | 182.7 | 182.8 | 183.0 | 181.5 | 178.3 | 174.6 | 170.4 | 167.7 | 165.4 | 163.3 |
| | Maize 2 | USD/t | 141.5 | 138.7 | 139.6 | 139.8 | 141.0 | 139.5 | 135.9 | 131.6 | 128.5 | 125.8 | 123.3 |
| | Other coarse grains 3 | USD/t | 151.6 | 143.2 | 145.2 | 144.6 | 143.8 | 143.2 | 141.3 | 139.1 | 137.6 | 136.1 | 135.0 |
| | Rice 4 | USD/t | 367.0 | 360.4 | 351.2 | 342.4 | 338.4 | 335.1 | 331.0 | 325.0 | 318.7 | 312.5 | 307.3 |
| | Distiller's dry grains 5 | USD/t | 116.4 | 119.4 | 121.0 | 121.0 | 121.3 | 120.0 | 117.4 | 114.1 | 111.7 | 109.3 | 107.3 |
| | OILSEEDS | ||||||||||||
| | Soybean 6 | USD/t | 362.5 | 344.1 | 349.9 | 347.9 | 344.1 | 340.0 | 336.4 | 333.1 | 329.3 | 326.3 | 322.7 |
| | Other oilseeds 7 | USD/t | 384.5 | 383.9 | 387.1 | 381.1 | 378.5 | 371.5 | 366.2 | 360.5 | 356.9 | 351.2 | 347.8 |
| | Protein meals 8 | USD/t | 287.4 | 273.5 | 277.0 | 278.1 | 278.4 | 275.0 | 272.6 | 267.7 | 266.2 | 263.2 | 261.0 |
| | Vegetable oils 9 | USD/t | 710.3 | 724.2 | 709.0 | 693.1 | 681.7 | 673.2 | 665.7 | 658.5 | 652.5 | 644.0 | 636.0 |
| | SWEETENERS | ||||||||||||
| | Raw sugar 10 | USD/t | 326.4 | 303.2 | 301.7 | 298.5 | 296.5 | 293.8 | 290.9 | 288.3 | 285.9 | 283.1 | 279.7 |
| | Refined sugar 11 | USD/t | 401.9 | 364.7 | 371.2 | 365.6 | 362.0 | 357.9 | 353.5 | 349.0 | 345.0 | 340.9 | 336.4 |
| | HFCS 12 | USD/t dw | 557.7 | 440.2 | 444.3 | 439.9 | 439.9 | 436.5 | 430.9 | 423.8 | 418.3 | 413.0 | 407.9 |
| | Molasses 13 | USD/t | 138.6 | 137.9 | 145.0 | 148.5 | 149.2 | 146.1 | 141.8 | 137.3 | 133.9 | 131.3 | 129.2 |
| | MEAT | ||||||||||||
| | Beef and veal | ||||||||||||
| | Price, EU 14 | USD/t dwt | 3 768.1 | 3 543.5 | 3 385.7 | 3 324.5 | 3 255.5 | 3 150.9 | 3 049.0 | 2 957.0 | 2 899.4 | 2 847.7 | 2 811.4 |
| | Price, United States 15 | USD/t dwt | 4 202.2 | 3 652.9 | 3 456.2 | 3 322.9 | 3 239.2 | 3 132.4 | 3 034.4 | 2 955.4 | 2 916.7 | 2 884.0 | 2 851.9 |
| | Price, Brazil 16 | USD/t dwt | 3 632.2 | 3 361.9 | 3 224.0 | 3 159.6 | 3 114.8 | 3 027.1 | 2 943.6 | 2 842.8 | 2 789.4 | 2 736.3 | 2 695.9 |
| | Pigmeat | ||||||||||||
| | Price, EU 17 | USD/t dwt | 1 516.6 | 1 517.7 | 1 497.3 | 1 538.7 | 1 580.1 | 1 590.9 | 1 572.1 | 1 491.1 | 1 401.8 | 1 379.4 | 1 402.0 |
| | Price, United States 18 | USD/t dwt | 1 359.6 | 1 260.5 | 1 209.7 | 1 241.4 | 1 276.3 | 1 289.3 | 1 277.5 | 1 211.3 | 1 134.2 | 1 115.8 | 1 134.7 |
| | Price, Brazil 19 | USD/t dwt | 2 153.8 | 1 991.5 | 1 964.4 | 2 023.2 | 2 072.7 | 2 076.5 | 2 038.2 | 1 935.1 | 1 844.7 | 1 821.8 | 1 846.4 |
| | Poultry meat | ||||||||||||
| | Price, EU 20 | USD/t rtc | 1 836.9 | 1 754.0 | 1 683.3 | 1 658.8 | 1 650.2 | 1 617.4 | 1 581.7 | 1 533.4 | 1 491.2 | 1 452.9 | 1 406.3 |
| | Price, United States 21 | USD/t rtc | 1 081.6 | 997.0 | 997.6 | 991.4 | 993.4 | 976.1 | 953.6 | 928.6 | 905.2 | 883.6 | 863.7 |
| | Price, Brazil 22 | USD/t rtc | 1 459.3 | 1 386.3 | 1 396.9 | 1 392.0 | 1 396.0 | 1 373.4 | 1 344.2 | 1 312.3 | 1 283.0 | 1 255.4 | 1 230.3 |
| | Sheep meat | ||||||||||||
| | Price, New Zealand 23 | USD/t dwt | 3 386.2 | 3 382.9 | 3 242.4 | 3 207.4 | 3 085.2 | 2 995.2 | 2 989.8 | 2 937.6 | 2 887.4 | 2 842.9 | 2 791.9 |
| | FISH AND SEAFOOD | ||||||||||||
| | Product traded 24 | USD/t | 2 563.6 | 2 571.7 | 2 656.3 | 2 628.3 | 2 711.8 | 2 618.4 | 2 601.9 | 2 560.3 | 2 535.5 | 2 514.8 | 2 495.0 |
| | Aquaculture 25 | USD/t | 2 609.8 | 2 261.1 | 2 331.9 | 2 271.3 | 2 341.2 | 2 256.6 | 2 241.8 | 2 208.3 | 2 216.2 | 2 197.8 | 2 186.8 |
| | Capture 26 | USD/t | 1 412.2 | 1 401.1 | 1 423.6 | 1 406.7 | 1 428.3 | 1 385.5 | 1 370.4 | 1 346.7 | 1 329.2 | 1 315.2 | 1 296.9 |
| | Meal 27 | USD/t | 1 338.5 | 1 289.8 | 1 289.0 | 1 259.0 | 1 325.2 | 1 257.5 | 1 250.8 | 1 246.0 | 1 236.7 | 1 285.8 | 1 226.6 |
| | Oil 28 | USD/t | 1 502.4 | 1 438.1 | 1 538.1 | 1 531.4 | 1 617.7 | 1 458.3 | 1 450.5 | 1 423.3 | 1 408.8 | 1 559.2 | 1 368.4 |
| | DAIRY PRODUCTS | ||||||||||||
| | Butter 29 | USD/t | 3 556.3 | 3 945.4 | 3 616.2 | 3 569.4 | 3 513.6 | 3 493.0 | 3 412.4 | 3 347.5 | 3 293.0 | 3 245.4 | 3 186.1 |
| | Cheese 30 | USD/t | 3 103.5 | 3 233.4 | 3 238.8 | 3 238.5 | 3 203.2 | 3 182.9 | 3 141.9 | 3 101.7 | 3 070.5 | 3 039.7 | 3 007.3 |
| | Skim milk powder 31 | USD/t | 1 877.2 | 1 815.0 | 1 963.3 | 1 978.7 | 1 991.7 | 2 020.6 | 2 032.6 | 2 036.2 | 2 043.2 | 2 054.5 | 2 064.0 |
| | Whole milk powder 32 | USD/t | 2 413.2 | 2 587.7 | 2 675.1 | 2 689.3 | 2 688.4 | 2 697.8 | 2 690.2 | 2 672.9 | 2 667.3 | 2 654.7 | 2 645.2 |
| | Whey powder 33 | USD/t | 800.4 | 944.7 | 990.6 | 1 018.7 | 962.7 | 948.0 | 949.3 | 949.5 | 953.8 | 968.8 | 969.0 |
| | Casein 34 | USD/t | 5 741.6 | 5 721.8 | 6 254.4 | 6 255.0 | 6 250.3 | 6 255.4 | 6 259.9 | 6 236.1 | 6 240.7 | 6 241.2 | 6 241.9 |
| | BIOFUEL | ||||||||||||
| | Ethanol 35 | USD/hl | 40.4 | 40.0 | 39.9 | 39.7 | 39.6 | 39.7 | 39.5 | 39.2 | 38.4 | 37.8 | 37.4 |
| | Biodiesel 36 | USD/hl | 77.2 | 80.0 | 78.5 | 76.7 | 75.1 | 73.3 | 71.8 | 70.1 | 69.3 | 67.3 | 66.6 |
| | COTTON | ||||||||||||
| | Cotton 37 | USD/t | 1 538.5 | 1 395.9 | 1 228.2 | 1 211.3 | 1 201.0 | 1 211.7 | 1 200.8 | 1 177.4 | 1 150.3 | 1 122.9 | 1 101.0 |
| | ROOTS AND TUBERS | ||||||||||||
| | Roots and tubers 38 | USD/t | 342.3 | 325.6 | 332.1 | 334.8 | 333.4 | 328.0 | 320.4 | 313.3 | 308.7 | 303.1 | 298.1 |
| 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 products on calendar year basis. See Glossary of Terms for definitions. Average 2015-17est: Data for 2017 are estimated. | |||||||||||||
| Disclaimer: http://oe.cd/disclaimer | |||||||||||||
No.2 hard red winter wheat, ordinary protein, United States FOB Gulf Ports (June/May). | |||||||||||||
No.2 yellow corn, United States FOB Gulf Ports (September/August). | |||||||||||||
Feed barley, Europe, FOB Rouen (July/June). | |||||||||||||
Milled 100%, grade b, nominal price quote, FOB Bangkok (January/December). | |||||||||||||
Wholesale price, Central Illinois (September/August). | |||||||||||||
Soybean, U.S., CIF Rotterdam (October/September). | |||||||||||||
Rapeseed, Europe, CIF Hamburg (October/September). | |||||||||||||
Weighted average meal price, European port (October/September). | |||||||||||||
Weighted average price of oilseed oils and palm oil, European port (October/September). | |||||||||||||
Raw sugar world price, ICE contract No11 nearby (October/September). | |||||||||||||
Refined sugar price,Euronext,Liffe,Contract No. 407 London, Europe (October/September). | |||||||||||||
United States wholesale list price HFCS-55, dry weight (October/September). | |||||||||||||
Unit import price, Europe (October/September). | |||||||||||||
EU average beef producer price. | |||||||||||||
Choice steers, 1100-1300 lb lw, Nebraska - lw to dwt conversion factor 0.63. | |||||||||||||
Brazil: frozen beef, export unit value, product weight. | |||||||||||||
EU average pigmeat producer price. | |||||||||||||
Barrows and gilts, No. 1-3, 230-250 lb lw, Iowa/South Minnesota - lw to dwt conversion factor 0.74. | |||||||||||||
Brazil: frozen pigmeat, export unit value, product weight. | |||||||||||||
EU average producer price. | |||||||||||||
Wholesale weighted average broiler price 12 cities. | |||||||||||||
Brazil: export unit value for chicken (FOB), product weight. | |||||||||||||
Lamb schedule price, all grade average. | |||||||||||||
World unit value of trade (sum of exports and imports). | |||||||||||||
World unit value of aquaculture fisheries production (live weight basis). | |||||||||||||
FAO estimated value of world ex-vessel value of capture fisheries production excluding for reduction. | |||||||||||||
Fishmeal, 64-65% protein, Hamburg, Germany. | |||||||||||||
Fish oil any origin, N.W. Europe. | |||||||||||||
FOB export price, butter, 82% butterfat, Oceania. | |||||||||||||
FOB export price, cheddar cheese, 39% moisture, Oceania. | |||||||||||||
FOB export price, non-fat dry milk, 1.25% butterfat, Oceania. | |||||||||||||
FOB export price, WMP 26% butterfat, Oceania. | |||||||||||||
FOB export price, sweet whey non-hygroscopic, Western Europe. | |||||||||||||
Export price, New Zealand. | |||||||||||||
Wholesale price, United States, Omaha. | |||||||||||||
Producer price Germany net of biodiesel tariff and energy tax. | |||||||||||||
Cotlook A index, Middling 1 3/32", c.f.r. far Eastern ports (August/July). | |||||||||||||
Thailand, Bangkok, Cassava (flour), wholesale. | |||||||||||||
| Source: OECD/FAO (2018), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en | |||||||||||||