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These graphs offer a brief summary of the commodity trade situation in the country.
Data on government support to agriculture in the OECD area and other major economies, measured by the Producer Support Estimate (PSE) and Consumer Support Estimate.
Strong crop yields, higher productivity and slower growth in global demand should contribute to a gradual decline in real prices for agricultural products over the coming decade, but nonetheless, prices will likely remain at levels above those in the early-2000s, according to the latest Agricultural Outlook report produced by the OECD and FAO.
Overall, this year’s Outlook provides further evidence that markets are returning to more “normal” conditions after a period of unusually high and volatile prices. This year’s report also contains a special focus on Brazil, the world’s second largest supplier of agricultural products and the foremost exporter in meeting additional global demand.
As the global economic slowdown threatens to increase food insecurity among the world’s poor, a new OECD report calls on the major emerging economies to ensure their agricultural policies are focussed on long-term sustainability rather than short-term fixes..