OECD-FAO Agricultural Outlook 2014 : 2014-2023

This twentieth edition of the Agricultural Outlook, and the tenth prepared jointly with the UN Food and Agriculture Organization (FAO), provides market projections to 2023 for major agricultural commodities, biofuels and fish across 41 countries and 12 regions: OECD member countries (European Union as a region), key non-OECD agricultural producers (such as India, China, Brazil, Russian Federation and Argentina) and groups of smaller non-OECD economies in a more aggregated form. This edition includes a special focus on India Foreword -- Acknowledgements -- Table of contents -- Acronyms and abbreviations -- Executive summary -- Global commodity highlights to 2023 -- Focus on India -- Note on macroeconomic assumptions -- Chapter 1. Overview of the OECD-FAO Outlook 2014­2023 -- Introduction -- The setting: Turbulent agricultural markets at the start of the outlook period -- Box 1.1. Macroeconomic and policy assumptions -- Figure 1.1. Korea and Turkey expected to exhibit the strongest GDP growth in OECD -- Box 1.2. Food price inflation -- Figure 1.2. Consumer food price inflation lower in developed countries -- Figure 1.3. Consumer food price inflation: Selected countries -- Figure 1.4. Consumer price inflation follows changes in primary commodity prices -- Figure 1.5. Real consumer prices are rising -- Consumption: Global consumption continues to increase but at a slower rate -- Growing diversity in the use of agricultural products -- Figure 1.6. Growing diversity of crop use -- Food and fuel use of agricultural commodities continues to be regulated in many countries -- Population growth and changing dietary preferences drive firm demand for meat and dairy products -- Figure 1.7. Most of the growth in meat and fish consumption will occur in developing countries -- Production: The developing world remains the epicentre of most agricultural production growth -- Figure 1.8. Production of crops rising -- Poultry continues to dominate the livestock sector -- Figure 1.9. Higher livestock production -- Yield increases will drive production growth of most crops -- Box 1.3. Enhancing agricultural productivity and food security in China -- Box 1.4. Feedstock issues and developments in the nitrogen fertiliser sector -- Figure 1.10. US ammonia capacity -- Figure 1.11. Growth in arable crop area and yield -- Growing influence of domestic policies on production decisions Annotation This twentieth edition of the Agricultural Outlook provides market projections to 2023 for major agricultural commodities, biofuels and fish across 41 countries and 12 regions. It includes a special focus on India