The US Deparment of Agriculture's 10-year international projections cover supply, demand, and trade for major agricultural crops and meats for selected countries and global totals. The projections provide foreign-country detail supporting USDA’s long-term projections released in February each year.
According to USDA, over the next several years, the agricultural industry will adjust to lower prices for most farm commodities. Lower prices will likely lead to reductions in planted acerage. Lower feed costs will also provide economic incentives for expansion of livestock production, although increased beef output will be delayed by beef cow inventory and biological factors.
Following those near-term adjustments, long-run developments for global agriculture reflect steady world economic growth and continued global demand for biofuel feedstocks. Those factors combine to support longer-run increases in consumption, trade, and the prices of agricultural products. Reflecting these market adjustments and price projections, the USDA expects export values to decline globally in 2015 and farm cash receipts fall in 2015-16 before both grow over the rest of the projection period.
USDA’s long-term projections are based on a conditional scenario that assumes current US farm legislation will remain in effect through the projection period, there are no shocks to the US or global economies or agricultural industries, and global weather is normal. Specific assumptions also are made for the macroeconomy and other countries’ policies. The projections are prepared in October through December each year, reflecting a composite of model results and judgment-based analysis.
It's a one pager PDF full of live links to agriculture-related data, statistics, and dashboards from leading industry sources. It will be a useful resource for any analyst, business executive, or researcher with an interest in the food security and prices, agricultural production and supply and much more.
Agricultural products cover the following commodity categories:Food and live animals: Live animals other than animals of division 03Meat and meat preparationsDairy products and birds' eggsFish, crustaceans, molluscs, and preparations thereofCereals and cereal preparationsVegetables and fruitsSugar, sugar preparations and honeyCoffee, tea, cocoa, spices, and manufactures thereofFeedstuff for animals (excluding unmilled cereals)Miscellaneous edible products and preparations Source: United Nations Conference on Trade and Development, Merchandise trade matrix, exports and imports, annual, 1995-2016.
Due to ban on food imports, imposed by Russian government on 7 of August, Russian imports of food from EU will decline by $6 billion, from Norway by $1,1 billion, from United Stetes, Canada and Australia by $0,8, $0,4 and $0,2 billion, correspondingly Imports of meat (cattle, poultry, swine) will decrease by 867 thous. t (7,8% of domestic consumption), imports of fish and seafood by 457 thous. t (13,7% of domestic consumption), imports of milk and milk products by 529 thous. t (1,4% of domestic consumption), imports of vegetables by 916 thous. t (5,4% of domestic consumption), imports of fruits and nuts by 1 600 thous. t (14,5% of domestic...