OECD-FAO Agricultural Outlook 2015
This edition of the Agricultural Outlook – the twenty-first OECD edition and the eleventh prepared jointly with the Food and Agriculture Organization of the United Nations (FAO) – provides projections to 2024 for major agricultural commodities, biofuels and fish. The 2015 report provides a special focus on prospects and challenges for Brazilian agriculture.
The market projections not only cover OECD member countries (European Union as a region) but also FAO member countries, notably Brazil, the Russian Federation, India, People's Republic of China and South Africa.
From Chapter:
Statistical Annex
OECD-FAO Agricultural Outlook 2015 - © OECD 2015
| A.2 | World prices | ||||||||||||
| A.2 | World prices | ||||||||||||
| Nominal price | |||||||||||||
| | | | Average 2012-14est | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| | CEREALS | ||||||||||||
| | Wheat 1 | USD/t | 302.0 | 246.6 | 249.0 | 248.2 | 249.5 | 256.7 | 258.5 | 262.2 | 266.3 | 270.2 | 271.8 |
| | Coarse Grains 2 | USD/t | 227.4 | 169.9 | 171.5 | 182.1 | 186.0 | 188.2 | 188.0 | 190.0 | 191.9 | 193.4 | 193.7 |
| | Rice 3 | USD/t | 518.9 | 369.8 | 374.9 | 384.8 | 399.4 | 411.9 | 416.0 | 430.3 | 438.8 | 443.5 | 449.4 |
| | Distiller's dry grains 4 | USD/t | 213.1 | 164.1 | 172.6 | 177.0 | 180.1 | 179.7 | 179.3 | 184.7 | 186.8 | 191.8 | 194.7 |
| | OILSEEDS | ||||||||||||
| | Oilseeds 5 | USD/t | 511.2 | 403.0 | 396.9 | 403.9 | 434.3 | 433.9 | 435.2 | 444.7 | 446.7 | 456.7 | 459.6 |
| | Protein meals 6 | USD/t | 453.1 | 354.1 | 356.4 | 354.4 | 375.0 | 378.4 | 379.8 | 396.2 | 398.0 | 408.7 | 411.1 |
| | Vegetable oils 7 | USD/t | 902.6 | 698.1 | 726.9 | 725.9 | 754.0 | 773.3 | 784.5 | 796.0 | 809.3 | 822.9 | 839.4 |
| | SWEETENERS | ||||||||||||
| | Raw sugar 8 | USD/t rse | 364.8 | 347.4 | 388.5 | 361.7 | 347.5 | 351.3 | 359.8 | 370.3 | 385.5 | 375.3 | 363.9 |
| | Refined sugar 9 | USD/t rse | 452.4 | 415.3 | 467.3 | 455.4 | 440.8 | 436.2 | 429.7 | 440.2 | 451.6 | 447.5 | 434.0 |
| | HFCS 10 | USD/t | 596.4 | 475.4 | 469.8 | 456.1 | 477.1 | 483.9 | 477.7 | 481.6 | 488.8 | 485.2 | 479.6 |
| | Molasses 11 | USD/t | 182.6 | 195.2 | 207.2 | 195.3 | 192.3 | 191.9 | 192.1 | 197.2 | 201.5 | 198.8 | 195.7 |
| | MEAT | ||||||||||||
| | Beef and veal | ||||||||||||
| | Price, EU 12 | USD/t dw | 4 940.5 | 4 607.7 | 4 238.8 | 4 235.9 | 4 215.7 | 4 079.4 | 3 969.8 | 4 046.2 | 4 077.4 | 4 041.6 | 4 007.3 |
| | Price, United States 13 | USD/t dw | 4 780.4 | 5 844.7 | 5 282.3 | 4 714.5 | 4 442.1 | 4 434.8 | 4 415.7 | 4 503.1 | 4 607.5 | 4 746.7 | 4 880.4 |
| | Price, Brazil 14 | USD/t dw | 3 014.0 | 3 000.3 | 2 987.1 | 2 973.3 | 2 827.6 | 2 759.4 | 2 719.7 | 2 784.9 | 2 821.5 | 2 845.3 | 2 871.8 |
| | Pigmeat | ||||||||||||
| | Price, EU 15 | USD/t dw | 2 265.2 | 2 155.2 | 2 083.3 | 2 193.6 | 2 180.4 | 2 261.3 | 2 395.7 | 2 433.3 | 2 345.9 | 2 225.3 | 2 220.9 |
| | Price, United States 16 | USD/t dw | 2 051.1 | 1 896.7 | 1 833.2 | 1 792.3 | 1 793.0 | 1 875.7 | 1 953.3 | 1 985.0 | 1 959.5 | 1 923.1 | 1 907.7 |
| | Price, Brazil 17 | USD/t dw | 1 574.0 | 1 580.1 | 1 496.2 | 1 497.4 | 1 483.8 | 1 551.9 | 1 605.1 | 1 640.0 | 1 625.0 | 1 587.8 | 1 570.6 |
| | Poultry meat | ||||||||||||
| | Price, EU 18 | USD/t rtc | 2 564.1 | 2 343.0 | 2 358.1 | 2 504.7 | 2 515.2 | 2 513.9 | 2 485.9 | 2 532.2 | 2 562.6 | 2 605.4 | 2 615.8 |
| | Price, United States 19 | USD/t rtc | 1 325.8 | 1 410.4 | 1 244.0 | 1 125.6 | 1 120.2 | 1 127.2 | 1 131.5 | 1 143.0 | 1 153.2 | 1 164.6 | 1 173.5 |
| | Price, Brazil 20 | USD/t rtc | 1 863.7 | 1 812.0 | 1 605.2 | 1 453.1 | 1 453.8 | 1 471.9 | 1 483.4 | 1 505.2 | 1 523.3 | 1 541.3 | 1 554.8 |
| | Sheep meat | ||||||||||||
| | Price, New Zealand 21 | USD/t dw | 4 528.3 | 4 351.4 | 4 214.2 | 4 021.8 | 4 084.0 | 4 116.1 | 4 159.8 | 4 222.9 | 4 269.6 | 4 305.7 | 4 346.3 |
| | FISH AND SEAFOOD | ||||||||||||
| | Product traded 22 | USD/t | 2 913.9 | 2 983.5 | 2 992.1 | 2 843.3 | 2 760.9 | 2 749.9 | 2 795.9 | 2 956.7 | 2 978.7 | 2 997.6 | 3 034.6 |
| | Aquaculture 23 | USD/t | 2 132.1 | 2 183.9 | 2 187.2 | 2 075.6 | 2 015.4 | 2 007.4 | 2 041.0 | 2 158.4 | 2 174.5 | 2 188.3 | 2 215.3 |
| | Capture 24 | USD/t | 1 525.2 | 1 528.7 | 1 564.4 | 1 535.5 | 1 521.2 | 1 537.2 | 1 566.2 | 1 621.5 | 1 644.4 | 1 666.9 | 1 693.5 |
| | Meal 25 | USD/t | 1 674.3 | 1 574.5 | 1 547.9 | 1 296.7 | 1 323.1 | 1 370.7 | 1 387.1 | 1 565.4 | 1 459.2 | 1 487.5 | 1 520.3 |
| | Oil 26 | USD/t | 1 951.3 | 1 731.1 | 1 661.1 | 1 571.5 | 1 575.9 | 1 608.8 | 1 639.0 | 1 823.1 | 1 700.1 | 1 727.0 | 1 754.5 |
| | DAIRY PRODUCTS | ||||||||||||
| | Butter 27 | USD/t | 3 695.2 | 3 386.7 | 3 433.1 | 3 578.3 | 3 570.5 | 3 634.9 | 3 648.1 | 3 710.7 | 3 783.8 | 3 852.0 | 3 937.5 |
| | Cheese 28 | USD/t | 4 226.0 | 3 667.5 | 3 974.1 | 4 130.4 | 4 201.3 | 4 299.0 | 4 345.6 | 4 456.5 | 4 557.5 | 4 639.8 | 4 714.4 |
| | Skim milk powder 29 | USD/t | 3 771.5 | 2 678.4 | 3 172.3 | 3 213.0 | 3 301.0 | 3 337.2 | 3 371.4 | 3 463.0 | 3 523.9 | 3 591.6 | 3 630.5 |
| | Whole milk powder 30 | USD/t | 3 900.1 | 2 940.6 | 3 263.4 | 3 357.4 | 3 394.7 | 3 443.8 | 3 473.5 | 3 559.7 | 3 615.8 | 3 682.3 | 3 728.1 |
| | Whey powder 31 | USD/t | 1 296.0 | 1 221.0 | 1 278.0 | 1 244.4 | 1 295.7 | 1 290.0 | 1 287.1 | 1 316.3 | 1 312.5 | 1 323.7 | 1 317.7 |
| | Casein 32 | USD/t | 8 924.4 | 8 682.5 | 9 215.1 | 9 120.9 | 9 305.9 | 9 207.0 | 9 213.4 | 9 338.0 | 9 331.6 | 9 434.2 | 9 338.2 |
| | BIOFUEL | ||||||||||||
| | Ethanol 33 | USD/hl | 62.4 | 51.7 | 54.6 | 58.1 | 58.8 | 58.3 | 58.1 | 59.4 | 60.8 | 61.3 | 60.3 |
| | Biodiesel 34 | USD/hl | 108.7 | 76.1 | 89.7 | 85.1 | 86.7 | 86.1 | 88.9 | 87.0 | 86.4 | 88.7 | 93.4 |
| | COTTON | ||||||||||||
| | Cotton 35 | USD/t | 1 830.6 | 1 377.3 | 1 396.5 | 1 472.6 | 1 551.9 | 1 678.2 | 1 718.3 | 1 709.1 | 1 713.3 | 1 725.6 | 1 754.9 |
| A.2 | World prices(cont.) | ||||||||||||
| Real price | |||||||||||||
| | | | Average 2012-14est | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| | CEREALS | ||||||||||||
| | Wheat 1 | USD/t | 286.5 | 226.5 | 224.3 | 219.4 | 216.3 | 218.2 | 215.3 | 214.1 | 213.1 | 211.9 | 208.9 |
| | Coarse Grains 2 | USD/t | 216.3 | 156.0 | 154.5 | 161.0 | 161.3 | 160.0 | 156.6 | 155.1 | 153.6 | 151.7 | 148.9 |
| | Rice 3 | USD/t | 492.8 | 339.6 | 337.7 | 340.2 | 346.3 | 350.1 | 346.6 | 351.3 | 351.2 | 347.8 | 345.4 |
| | Distiller's dry grains 4 | USD/t | 202.4 | 150.7 | 155.5 | 156.5 | 156.2 | 152.7 | 149.4 | 150.8 | 149.5 | 150.5 | 149.6 |
| | OILSEEDS | ||||||||||||
| | Oilseeds 5 | USD/t | 485.5 | 370.1 | 357.6 | 357.1 | 376.6 | 368.8 | 362.6 | 363.1 | 357.5 | 358.2 | 353.3 |
| | Protein meals 6 | USD/t | 430.3 | 325.2 | 321.0 | 313.4 | 325.1 | 321.6 | 316.4 | 323.5 | 318.5 | 320.5 | 316.0 |
| | Vegetable oils 7 | USD/t | 857.0 | 641.1 | 654.9 | 641.8 | 653.8 | 657.3 | 653.6 | 649.9 | 647.7 | 645.4 | 645.2 |
| | SWEETENERS | ||||||||||||
| | Raw sugar 8 | USD/t rse | 346.3 | 319.0 | 350.1 | 319.8 | 301.3 | 298.6 | 299.8 | 302.3 | 308.5 | 294.4 | 279.7 |
| | Refined sugar 9 | USD/t rse | 429.5 | 381.3 | 421.0 | 402.7 | 382.2 | 370.8 | 358.0 | 359.5 | 361.4 | 351.0 | 333.6 |
| | HFCS 10 | USD/t | 566.0 | 436.6 | 423.3 | 403.2 | 413.7 | 411.3 | 398.0 | 393.2 | 391.2 | 380.5 | 368.6 |
| | Molasses 11 | USD/t | 173.2 | 179.3 | 186.7 | 172.7 | 166.7 | 163.1 | 160.0 | 161.0 | 161.3 | 155.9 | 150.4 |
| | MEAT | ||||||||||||
| | Beef and veal | ||||||||||||
| | Price, EU 12 | USD/t dw | 4 685.7 | 4 231.3 | 3 818.8 | 3 745.1 | 3 655.3 | 3 467.6 | 3 307.2 | 3 303.9 | 3 263.0 | 3 169.8 | 3 080.2 |
| | Price, United States 13 | USD/t dw | 4 528.0 | 5 367.3 | 4 759.0 | 4 168.2 | 3 851.6 | 3 769.6 | 3 678.7 | 3 676.9 | 3 687.2 | 3 722.8 | 3 751.3 |
| | Price, Brazil 14 | USD/t pw | 2 859.1 | 2 755.2 | 2 691.1 | 2 628.8 | 2 451.8 | 2 345.5 | 2 265.8 | 2 273.9 | 2 257.9 | 2 231.6 | 2 207.3 |
| | Pigmeat | ||||||||||||
| | Price, EU 15 | USD/t dw | 2 147.7 | 1 979.1 | 1 876.9 | 1 939.4 | 1 890.6 | 1 922.1 | 1 995.9 | 1 986.9 | 1 877.3 | 1 745.3 | 1 707.1 |
| | Price, United States 16 | USD/t dw | 1 942.9 | 1 741.8 | 1 651.5 | 1 584.6 | 1 554.7 | 1 594.3 | 1 627.3 | 1 620.8 | 1 568.1 | 1 508.3 | 1 466.3 |
| | Price, Brazil 17 | USD/t dw | 1 492.0 | 1 451.1 | 1 347.9 | 1 323.9 | 1 286.5 | 1 319.1 | 1 337.2 | 1 339.1 | 1 300.4 | 1 245.3 | 1 207.2 |
| | Poultry meat | ||||||||||||
| | Price, EU 18 | USD/t rtc | 2 431.6 | 2 151.6 | 2 124.4 | 2 214.4 | 2 180.9 | 2 136.8 | 2 071.0 | 2 067.6 | 2 050.8 | 2 043.4 | 2 010.6 |
| | Price, United States 19 | USD/t rtc | 1 256.1 | 1 295.2 | 1 120.7 | 995.2 | 971.3 | 958.2 | 942.7 | 933.3 | 922.9 | 913.4 | 902.0 |
| | Price, Brazil 20 | USD/t rtc | 1 765.4 | 1 664.0 | 1 446.1 | 1 284.8 | 1 260.6 | 1 251.1 | 1 235.8 | 1 229.0 | 1 219.0 | 1 208.8 | 1 195.1 |
| | Sheep meat | ||||||||||||
| | Price, New Zealand 21 | USD/t dw | 4 297.3 | 3 996.0 | 3 796.6 | 3 555.7 | 3 541.2 | 3 498.8 | 3 465.5 | 3 448.1 | 3 416.8 | 3 376.9 | 3 340.7 |
| | FISH AND SEAFOOD | ||||||||||||
| | Product traded 22 | USD/t | 2 913.9 | 2 739.8 | 2 695.6 | 2 513.8 | 2 393.9 | 2 337.4 | 2 329.2 | 2 414.2 | 2 383.8 | 2 351.0 | 2 332.5 |
| | Aquaculture 23 | USD/t | 2 132.1 | 2 005.5 | 1 970.5 | 1 835.1 | 1 747.5 | 1 706.3 | 1 700.4 | 1 762.4 | 1 740.1 | 1 716.2 | 1 702.7 |
| | Capture 24 | USD/t | 1 525.2 | 1 403.9 | 1 409.4 | 1 357.6 | 1 319.0 | 1 306.7 | 1 304.8 | 1 324.0 | 1 315.9 | 1 307.3 | 1 301.7 |
| | Meal 25 | USD/t | 1 674.3 | 1 445.9 | 1 394.5 | 1 146.5 | 1 147.2 | 1 165.1 | 1 155.6 | 1 278.2 | 1 167.7 | 1 166.7 | 1 168.6 |
| | Oil 26 | USD/t | 1 951.3 | 1 589.7 | 1 496.5 | 1 389.4 | 1 366.4 | 1 367.5 | 1 365.5 | 1 488.6 | 1 360.5 | 1 354.5 | 1 348.6 |
| | DAIRY PRODUCTS | ||||||||||||
| | Butter 27 | USD/t | 3 502.2 | 3 110.1 | 3 093.0 | 3 163.7 | 3 095.9 | 3 089.7 | 3 039.2 | 3 029.9 | 3 028.0 | 3 021.1 | 3 026.5 |
| | Cheese 28 | USD/t | 4 004.6 | 3 367.9 | 3 580.3 | 3 651.8 | 3 642.8 | 3 654.2 | 3 620.3 | 3 638.9 | 3 647.2 | 3 639.0 | 3 623.6 |
| | Skim milk powder 29 | USD/t | 3 573.8 | 2 459.6 | 2 858.0 | 2 840.7 | 2 862.2 | 2 836.6 | 2 808.7 | 2 827.7 | 2 820.1 | 2 816.9 | 2 790.5 |
| | Whole milk powder 30 | USD/t | 3 696.1 | 2 700.4 | 2 940.1 | 2 968.3 | 2 943.5 | 2 927.3 | 2 893.7 | 2 906.6 | 2 893.6 | 2 888.0 | 2 865.5 |
| | Whey powder 31 | USD/t | 1 228.3 | 1 121.2 | 1 151.4 | 1 100.2 | 1 123.5 | 1 096.5 | 1 072.3 | 1 074.8 | 1 050.4 | 1 038.2 | 1 012.8 |
| | Casein 32 | USD/t | 8 455.4 | 7 973.3 | 8 302.1 | 8 064.0 | 8 068.9 | 7 826.0 | 7 675.6 | 7 624.7 | 7 467.7 | 7 399.2 | 7 177.7 |
| | BIOFUEL | ||||||||||||
| | Ethanol 33 | USD/hl | 59.2 | 47.5 | 49.2 | 51.4 | 51.0 | 49.6 | 48.4 | 48.5 | 48.6 | 48.1 | 46.3 |
| | Biodiesel 34 | USD/hl | 103.2 | 69.9 | 80.8 | 75.3 | 75.2 | 73.2 | 74.1 | 71.0 | 69.2 | 69.5 | 71.8 |
| | COTTON | ||||||||||||
| | Cotton 35 | USD/t | 1 737.8 | 1 264.8 | 1 258.1 | 1 301.9 | 1 345.6 | 1 426.5 | 1 431.5 | 1 395.5 | 1 371.1 | 1 353.4 | 1 348.9 |
| Note: This table is a compilation of price information presented in the detailed commodity tables further in this annex. Prices for crops are on marketing year basis and those for meat and dairy products on calendar year basis. See Glossary of Terms for definitions. Average 2012-14est: Data for 2014 are estimated. | |||||||||||||
| Disclaimer: http://oe.cd/disclaimer | |||||||||||||
No.2 hard red winter wheat, ordinary protein, United States f.o.b. Gulf Ports (June/May). | |||||||||||||
No.2 yellow corn, United States f.o.b. Gulf Ports (September/August). | |||||||||||||
Milled 100%, grade b, nominal price quote, f.o.b. Bangkok (January/December). | |||||||||||||
Wholesale price, Central Illinois. | |||||||||||||
Weighted average oilseed price, European port. | |||||||||||||
Weighted average meal price, European port. | |||||||||||||
Weighted average price of oilseed oils and palm oil, European port. | |||||||||||||
Raw sugar world price, ICE contract No11 nearby, October/September. | |||||||||||||
Refined sugar price,Euronext,Liffe,Contract No. 407 London,Europe, October/September. | |||||||||||||
United States wholesale list price HFCS-55, October/September. | |||||||||||||
Unit import price, Europe (October/September). | |||||||||||||
EU average beef producer price. | |||||||||||||
Choice steers, 1100-1300 lb lw, Nebraska - lw to dw conversion factor 0.63. | |||||||||||||
Brazil average beef producer price. | |||||||||||||
EU average pigmeat producer price. | |||||||||||||
Barrows and gilts, No. 1-3, 230-250 lb lw, Iowa/South Minnesota - lw to dw conversion factor 0.74. | |||||||||||||
Brazil average pigmeat producer price. | |||||||||||||
EU average producer price. | |||||||||||||
Wholesale weighted average broiler price 12 cities. | |||||||||||||
Brazil average chicken for slaughter producer price. | |||||||||||||
Lamb schedule price, all grade average. | |||||||||||||
World unit value of trade (sum of exports and imports). | |||||||||||||
World unit value of aquaculture fisheries production (live weight basis). | |||||||||||||
FAO estimated value of world ex-vessel value of capture fisheries production excluding for reduction. | |||||||||||||
Fishmeal, 64-65% protein, Hamburg, Germany. | |||||||||||||
Fish oil any origin, N.W. Europe. | |||||||||||||
F.o.b. export price, butter, 82% butterfat, Oceania. | |||||||||||||
F.o.b. export price, cheddar cheese, 39% moisture, Oceania. | |||||||||||||
F.o.b. export price, non-fat dry milk, 1.25% butterfat,Oceania. | |||||||||||||
F.o.b. export price, WMP 26% butterfat, Oceania. | |||||||||||||
Dry whey, Wholesale price, West region, United States. | |||||||||||||
Export price, New Zealand. | |||||||||||||
Wholesale price, United States, Omaha. | |||||||||||||
Producer price Germany net of biodiesel tariff and energy tax. | |||||||||||||
Cotlook A index, Middling 1 3/32", c.f.r. far Eastern ports (August/July). | |||||||||||||
| Source: OECD/FAO (2015), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en | |||||||||||||