3 July 2015 – OECD-FAO Agricultural Outlook 2015-2024 publishedPosted: July 3, 2015
The latest OECD-FAO Agricultural Outlook 2015-2024 is cautiously predicting a calmer time for food prices after the recent price spikes. In addition, the report notes:
‘Major changes in demand are expected in developing countries, where population growth, rising per capita incomes and urbanization will increase demand for food, according to the report. Rising incomes will prompt consumers to continue diversifying their diets, notably by increasing their consumption of animal protein relative to starches. As a result, the prices of meat and dairy products are expected to be high relative to crop prices. Among crops, the prices of coarse grains and oilseeds, used for animal feed, should rise relative to the prices of food staples’.
This year’s Outlook also contains a special focus on Brazil, which is ‘poised to capture most of the trade expansion to be generated by import demand growth, particularly from Asia’.
You can read more – and access the full report – here