The Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO) has published its outlook for agriculture markets in 2030, using 2018 to 2020 as a base.
Population is forecast to be 8.5bn with growth in the developing areas of the world.
Beef consumption is expected to reduce in high-consuming countries including the EU
ADVERTISEMENT
Feed use of cereals is expected to grow at 1.2% annually for the rest of the decade, with food demand projected to increase by 1.3% per annum driven by the combination of growing population and growing per-capita incomes in lower- and middle-income countries.
In high-income countries, animal protein demand is expected to grow by 3%, mainly in poultry with beef, sheep and pigmeat stable.
Beef consumption is expected to reduce in high-consuming countries including the EU.
Dairy is set to be the fastest-growing sector with global milk production expected to increase by 22% and a large part of this forecast for consumption increase in India.
Despite growing demand, there is no real increase in prices forecast with supply expected to meet the demand.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO) has published its outlook for agriculture markets in 2030, using 2018 to 2020 as a base.
Population is forecast to be 8.5bn with growth in the developing areas of the world.
Beef consumption is expected to reduce in high-consuming countries including the EU
Feed use of cereals is expected to grow at 1.2% annually for the rest of the decade, with food demand projected to increase by 1.3% per annum driven by the combination of growing population and growing per-capita incomes in lower- and middle-income countries.
In high-income countries, animal protein demand is expected to grow by 3%, mainly in poultry with beef, sheep and pigmeat stable.
Beef consumption is expected to reduce in high-consuming countries including the EU.
Dairy is set to be the fastest-growing sector with global milk production expected to increase by 22% and a large part of this forecast for consumption increase in India.
Despite growing demand, there is no real increase in prices forecast with supply expected to meet the demand.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS