OECD-FAO – Agricultural Outlook, 2024-2033

The OECD-FAO Agricultural Outlook for 2024-2033 highlights the growing influence of emerging economies in driving global agricultural and fisheries markets. While China's role is decreasing, India and Southeast Asia are expected to gain more influence due to their growing urban populations and increasing affluence. However, calorie intake in low-income countries is not growing fast enough to achieve the zero hunger target by 2030. The report also projects a decline in agriculture's global greenhouse gas emissions intensity, with potential reductions through halving food loss and waste. International agricultural commodity markets will remain important for food security, and a slight fall in real international reference prices for main commodities is expected over the next decade. The Outlook, produced jointly by the OECD and FAO, serves as a reference for policy planning amid the COVID-19 pandemic, geopolitical tensions, and climate change impacts. This 20th joint Agricultural Outlook reflects on the evolution of global agriculture over the past two decades and provides projections through to 2033, emphasizing the importance of emerging economies in shaping global agricultural trends.