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OECD, FAO TO RELEASE AG OUTLOOK 2024-2033

News | Jul 2, 2024

 * 
 * 
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 * 
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HAGSTROM REPORT



 * 
 * 
 * 
 * 
 * 

The Paris-based Organization for Economic Cooperation and Development and the
Rome-based United Nations Food and Agriculture Organization today will release
their Agricultural Outlook 2024-2033, the 20th edition of their joint report.

The report says that India and Southeast Asia are replacing China as the region
of the world to watch for increases in consumption due to their growing urban
population and increasing influence. But China, along with India and the
Southeast Asian countries, will continue to have a major influence on global
agrifood systems over the next 10 years.

Here are the key findings of the report:



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 Emerging economies have increasingly driven global agricultural and fisheries
market developments over the last 20 years and are expected to continue to do so
over the next decade.
 The role of the People’s Republic of China in driving global food and
agricultural consumption is waning, whilst India and Southeast Asia are expected
to gain influence, driven by their growing urban populations and increasing
affluence.
 Calorie intake is expected to increase by 7% in middle-income countries,
largely due to greater consumption of staples, livestock products and fats.
Calorie intake in low-income countries will grow at 4%, too slowly to achieve
the Sustainable Development Goal target of zero hunger by 2030 (SDG2).
 Agriculture’s global greenhouse gas (GHG) emissions intensity is expected to
decline, as growth will be based on productivity improvements rather than
cultivated land and livestock herd expansions, although direct emissions from
agriculture will still increase by 5%.
 Halving food loss and waste has the potential to reduce global agricultural GHG
emissions by 4% and the number of undernourished people by 153 million by the
year 2030.
 Well-functioning international agricultural commodity markets will remain
important for global food security, as 20% of calories are traded and rural
livelihoods can benefit from participation in markets and global agrifood value
chains.
 A slight fall in real international reference prices for main agricultural
commodities is projected over the next 10 years but this may not be reflected in
local retail food prices.



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