Experts at the Organisation for Economic Co-operation and Development (OECD) and Food and Agriculture Orgaanisation (FAO) have projected some key dominant food trade to be expected in the next nine years, reports NaijaAgroNet.
This was contained in the latest Agricultural Outlook by the two organistion, saying that the bulk of all commodity exports will continue to originate in just a few countries, noting that imports, however, will be far less concentrated among countries, although China is projected to remain a critical market for some commodities, in particular soybeans.
The duo of OECD and FAO emphasised the importance of well-functioning markets in enabling food to flow from surplus to deficit regions and improving food security.
At the Outlook's launch in Rome, OECD Secretary General Angel Gurría said: "Although we are now witnessing a period of lower agricultural prices, we need to remain alert as changes in markets can take place rapidly.”
He also said that the key priority for governments in the current context is to implement policies that will increase agricultural productivity in a coherent and sustainable way. Getting our agricultural policies right is critical to end hunger and undernourishment in the decades to come.
"Significant production growth is needed to meet the expanding demand for food, feed and raw products for industrial uses, and all of these have to be done in a sustainable way," said FAO Director-General José Graziano da Silva.
"We are optimistic that most of that future demand for agricultural commodities will be mainly met through productivity gains rather than expansion of crop area or livestock herds," Gurria said.
Isaac Oyimah/GEE... Linking agrobiz, sustainable environs, people & technology