THE PRICE OF AGRICULTURAL PRODUCTS WILL FALL IN THE NEXT 10 YEARS




Serhat TUNAR -TDO- The World Agriculture Organization (FAO) and the Organization for Economic Co-operation and Development (OECD) presented the 2019-2028 agricultural outlook report[1] to the public at a press conference in Rome. The report includes forecasts that agricultural production will increase all over the world in the next 10 years and this increase will cause a decrease in product prices.

Agriculture, meat and fish products, production, demand and price expectations are explained in detail in the report, the demand for agricultural products worldwide is expected to increase by 15 percent in the next 10 years.

Following the increase in agricultural production with technological advances, it is estimated that the prices of the main agricultural products will not increase much, and the warning that direct greenhouse gas emissions will increase by 0.5 percent annually due to agricultural production is included in the report.

 

[1]https://www.oecd-ilibrary.org/agriculture-and-food/oecd-fao-agricultural-outlook-2019-2028_agr_outlook-2019-en


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