Economic agency predicts long-term decline for ag prices

June 24, 2004, as reported by just-food.com: Overproduction will lead to a long-term drop in agriculture prices predicts the Organization for Economic Cooperation and Development..

Real prices for agricultural products – corrected for inflation – are likely to continue to decline indicates the OECD in its annual agricultural outlook. The main reason the agency cites is that "global production of cereals, meats, cheese, sugar and vegetable oils is set to outpace consumption over the next ten years." This should moderate growth in trade and increases in world prices, it says.

Overall consumption of agricultural produce will grow fastest in South American and Asia, according to the OECD. It says that world grain output will grow by up to 17% by 2013.




Recent news and research

[an error occurred while processing this directive]

Stay Up-to-Date –
Sign up for our Newsletter

NewFarm.org changes daily! Don't miss out on the latest interactive features, columns and news. Sign up now for our monthly e-newsletter and stay connected.

ACTION ALERTS

•Free the meat markets! End packer ownership and stop closed-door deals

• Support Saskatchewan farmers in efforts to block GM wheat

• Stop budget cuts to conservation programs--the one's that help you pay for environmentally sound farming practices!

Share Your Stories

Are you a farmer? A consumer? Whatever story you have to tell, let it be an inspiration to others.
Share it with us now...

T H E    N E W    F A R M – R E G E N E R A T I V E    A G R I C U L T U R E    W O R L D W I D E