OECD & FAO: Emerging economies to continue driving agricultural markets in the next decade

2 Temmuz 2024 20:01



The OECD-FAO Agricultural Outlook 2024-2033 is the key global reference for medium-term prospects for agricultural commodity markets, and this year’s edition marks the 20th edition of the joint publication. For two decades, the report has analysed trends in the demographic and economic drivers of agricultural commodity supply and demand, projected the shifts in production and consumption locations, and assessed the resulting changes in international agricultural trade patterns. 

“This Outlook has served as a valuable reference for policy planning, providing a sound evidence base and data for medium-term prospects for agricultural commodity markets. Over the coming decade, the volumes of agricultural commodities traded globally are expected to increase between net exporting and importing regions. Still, with regional shifts reflecting increased global consumption in India and Southeast Asian countries,” OECD Secretary-General Mathias Cormann said, and added:

“Well-functioning agricultural markets, reducing food loss and waste, and more productive and less polluting forms of production will remain critically important for global food security and to ensure rural livelihoods can and do benefit from global agrifood value chains.” 

“The Outlook confirms the need to implement strategies that bridge productivity gaps in low- and middle-income countries to increase domestic production and boost farmers’ incomes,” FAO Director-General QU Dongyu said.

Albania News Agency

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