OECD-FAO Agricultural Outlook 2024-2033

Book excerpt: The OECD-FAO Agricultural Outlook 2024-2033 provides a consensus assessment of the ten-year prospects for agricultural commodity and fish markets. This Outlook edition reveals important trends. Emerging economies will be pivotal in shaping the global agricultural landscape, with India expected to overtake China as the leading player. Yet calorie intake growth in low-income countries is projected to be only 4%. Agriculture's global greenhouse gas intensity is projected to decline, although direct emissions from agriculture will likely increase by 5%. If food loss and waste could be halved, however, this would have the potential to reduce both global agricultural GHG emissions by 4% and the number of undernourished people by 153 million by 2030. Well-functioning international agricultural commodity markets will remain vital for global food security and rural livelihoods. Expected developments should keep real international reference prices on a slightly declining trend over the next ten years, although environmental, social, geopolitical, and economic factors could significantly alter these projections. More information can be found at www.agri-outlook.org.