Report/Rapport : OECD-FAO Agricultural Outlook 2009-2018, August 2009

Source: OECD
"This is the fifteenth edition of the Agricultural Outlook and the fifth time it has been prepared jointly by the Organisation for Economic Cooperation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO)."


"World reference prices for many commodities nearly doubled over the period 2007-2008 but fell sharply from their record highs, driven by increased production, responding to earlier price rises, and by weaker demand, intensified by the commencement of the global economic crisis.

However, prices are expected to strengthen with economic recovery over the medium term. For the next 10 years, prices in real terms are still projected at, or above, the levels of the decade prior to the 2007-08 peaks."

The projections and past trends are presented in the statistical annex, and can be viewed in more detail at the website www.agri-outlook.org.