The food price after 2010 will grow over the average level of the previous ten years and will record unprecedented levels for almost all agriculture products, a report put up by the Organization for Cooperation and Economic Development (OCDE) and the UN Food and Agriculture Organization (FAO) reveals. According to the document, the meat price will grow 20%, the sugar - 30% and the edible oil - more than 80%.
The report, in brief:
This fourteenth edition of the annual Agricultural Outlook - and the fourth prepared jointly with the FAO - provides an assessment of agricultural market prospects based on projections that extend to 2017 for production, consumption, trade, stocks and prices of mainly temperate zone agricultural commodities. These projections are based on specific assumptions regarding global macroeconomic conditions, population growth, national agricultural and trade policies, production technologies, and weather conditions.
It shows how these markets are influenced by economic developments and government policies and highlights some of the risks and uncertainties that may influence market outcomes. The report covers 39 countries and 19 regions, including all OECD countries plus a number of key non-OECD agricultural producers such as China, India, Russian Federation, Brazil and Argentina.
DID YOU KNOW? FUEL ETHANOL production tripled during 2000-2007.
World reference prices for almost all agricultural commodities covered in this report are at or above previous record levels, at least in nominal terms. This will not last and prices will gradually come down because of the transitory nature of some of the factors that are behind the recent hikes. But there is strong reason to believe that there are now also permanent factors underpinning prices that will work to keep them both at higher average levels th
