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
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