OECD, FAO release ag outlook

摘要

THE recent drop in prices of major crops is expected to continue over the next two years before stabilizing at levels above the pre-2008 period but markedly below recent peaks, according to the latest agricultural outlook report from the Organizationfor Economic Cooperation & Development (OECD) and the U.N. Food & Agriculture Organization (FAO).The "OECD-FAO Agricultural Outlook 2014-2023" report notes that demand for agricultural products is expected to remain firm, although it will expand at a slower rate than in the past decade.Cereals still will form the core of global diets, but as incomes rise and urbanization increases, people in many parts of the world will add more protein, fats and sugar to their diets.The report says such changes, combined with a growing global population, will require substantial expansion of agricultural production over the coming decade. Led by Asia and Latin America, developing regions will account for more than 75% of additionalagricultural output over the next decade.