OECD-FAO Agricultural Outlook report

OECD-FAO Agricultural Outlook report

OECD-FAO Agricultural Outlook 2012 | OECD Free preview | Powered by Keepeek Digital Asset Management Solution  

Increased productivity and a more sustainable food system will improve global food security

While markets appear to have entered calmer conditions after record highs last year, food commodity prices are anticipated to remain on a higher plateau over the next decade, underpinned by firm demand but a slowing growth in global production.

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The importance of agricultural science and technology in meeting the world’s burgeoning demands on food, feed and fuel have been highlighted in a major international report.

The latest OECD-FAO Agricultural Outlook report, released earlier this week, concludes that agricultural production must increase by 60% over the next 40 years to meet the rising global demand for food. This equates to an extra 1 billion tonnes of cereals and 200 million tonnes of meat per year by 2050 compared with 2005/07 levels.

Additional production will also be required to provide feedstock for an expanding biofuel market set to consume an estimated 16% of oilseed output, 14% of cereals and 34% of sugar cane by 2021. But with less than 5% more arable land available to bring into production, and 25% of existing farmland already degraded, the OECD-FAO report concludes that increasing crop productivity on existing farmland will be essential to contain food price rises and reduce food insecurity.

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