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OECD-FAO Agricultural Outlook 2016-2025 Commodity Snapshots: Cereals

Year of publication 2016

Place of publication Rome, Italy ;

Pages 14 p.

Publisher OECD/FAO ;

Product type Document

ISBN 978-92-64-25322-3

Series title OECD-FAO Agricultural Outlook

Edition 1

Synopsis (short abstract) Global cereal markets have been characterised over the past few years by abundant supplies amid slower demand growth. As a result, world inventories have increased and international prices of all cereals have fallen to relatively low levels compared to the previous decade. Even the decline in world cereal production in 2015, following the 2014 record harvest, could not reverse this downward pressure, leading to further declines in international prices during the 2015 marketing year (see glossary for a definition of marketing year). Given the early prospects in world cereal output for this season, weak demand and large inventories in 2016, global markets are likely to experience relatively low prices. Against this background, only radical or sudden changes in demand or supply are likely to alter the short-term outlook.

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Access the Outlook chapter-by-chapter:

Commodity chapters (not available in full report)
  • Cereals
  • Oilseeds and Oilseed Products
  • Sugar
  • Meat
  • Dairy and Dairy Products
  • Fish and Seafood
  • Biofuels
  • Cotton
  • Statistical Annex

    • For more information, visit the web site.

    Language English

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    OECD-FAO Agricultural Outlook 2016-2025 Commodity Snapshots: Fish and Seafood 2016
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    During 2015, the global fishery and aquaculture sector showed sustained growth in overall production and consumption. In 2014, aquaculture’s contribution to total fish supplied for food overtook that of wild fish for the first time and this trend continued in 2015. In the same year, after a period of continuous expansion, trade of fish and fishery products declined in value terms. This slowdown was caused by economic contractions in key markets, exchange rate developments and lower fish prices. China, the leading producer, processor and exporter, and the third largest importer of fish and fishery products entered a period of serious uncertainty, even reducing its fish exports due to a slowdown in its processing sector. Seafood consumption in the Russian Federation suffered from the effects of its continuing trade embargo on fish from certain countries. Norway had record total export values, while in Thailand and other large shrimp supplying countries lower shrimp prices pushed total ex port values down significantly. Catches of anchoveta (mainly used to produce fishmeal and fish oil) were better than expected, relieving some short-term pressure on fishmeal and fish oil prices.

    Read the Summary of the report.

    Access the Outlook chapter-by-chapter:

    Commodity chapters (not available in full report)
  • Cereals
  • Oilseeds and Oilseed Products
  • Sugar
  • Meat
  • Dairy and Dairy Products
  • Fish and Seafood
  • Biofuels
  • Cotton
  • Statistical Annex

    • For more information, visit the web site.

  • Thumbnail Image
    Document
    OECD-FAO Agricultural Outlook 2016-2025 Commodity Snapshots: Meat 2016
    Also available in:
    Weaker demand for meats by emerging economies and oil exporting countries throughout 2015 exerted significant downward pressure on meat prices. According to the FAO Meat Price Index, meat prices in 2015 fell to a level last seen in early 2010. This fall contrasts with an extended period of continued, though at times volatile, meat price increases that started back in 2002. Only once during this extended period – during the aftermath of the 2007-08 financial crisis – have meat prices fallen by su ch a magnitude.

    Read the Summary of the report.

    Access the Outlook chapter-by-chapter:

    Commodity chapters (not available in full report)
  • Cereals
  • Oilseeds and Oilseed Products
  • Sugar
  • Meat
  • Dairy and Dairy Products
  • Fish and Seafood
  • Biofuels
  • Cotton
  • Statistical Annex

    • For more information, visit the web site.