By Food and Agriculture Organization OECD
This 12th version of the annual Agricultural Outlook - and the second one ready together with the FAO - offers an evaluation of agricultural marketplace customers in line with projections that reach to 2015 for creation, intake, exchange, st
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Extra info for OECD-FAO agricultural Outlook 2006-2015
Its willingness to accept a greater reliance on imports was illustrated in 2005 through the signing of a protocol with Pakistan that give this country a 250 000 tonne preferential access to China’ rice market. Among OECD countries, purchases by the EU are projected to rise, following the 2005 reduction of import duties and the full opening of the Union’s rice market to least developed countries as of 2009. Similarly, in the Republic of Korea, the 46 OECD-FAO AGRICULTURAL OUTLOOK 2006-2015 – ISBN 92-64-02460-3 – © OECD/FAO 2006 2.
But such public efforts could also create market distortions, OECD-FAO AGRICULTURAL OUTLOOK 2006-2015 – ISBN 92-64-02460-3 – © OECD/FAO 2006 47 2. CEREALS the nature and level of which need to be well understood before policies are put in place. Once established, such policies may prove very resilient to necessary modifications due to unanticipated market impacts or the changing economic environment of bioenergy production in the context of technological advances. Overall, grain-based ethanol production could increase globally more strongly in the years to come, although a more rapid and pronounced decline in crude oil prices could undermine biofuel growth as it would increase (or reinforce) the dependency on public support.
Important variables determining the relative comparison across countries and feedstocks particularly include the domestic crop prices which are driven by regional supply and demand conditions, as well as by domestic and trade policies. Similar results can be found with respect to the area requirements for a given share of domestic transport fuel consumption. According to these calculations, the three OECD regions, the US, Canada and EU15 would require between 30% and 70% of their respective current crop area if they are to replace 10% of their transport fuel consumption by biofuels.