Home Food Security FAO and OECD issue cautions about threats to the global agri-food industry

FAO and OECD issue cautions about threats to the global agri-food industry

FAO Meeting on Agri-food in West Africa

The Food and Agriculture Organization (FAO) of the United Nations (UN) and the Organisation for Economic Co-operation and Development (OECD) have issued warnings about issues the world’s agri-food sector would confront in the ensuing ten years.

In a joint report titled “Agricultural Outlook for 2022-2031,” the UN agencies stated that the industry must “feed an ever-increasing population responsibly.”

According to the research, it must also deal with the effects of the climatic crisis, the economic fallout from the Russia-Ukraine conflict, and the disruption to the food supply.

“Assessing the medium-term prospects for agricultural commodity markets” is the report’s main objective.

To increase agricultural output, the two groups emphasized the “crucial importance of extra public spending and private investment in production, information technology, infrastructure, and human resources.”

With the market for agricultural products picking up after the Covid-19 epidemic, prices have gone up. Because Russia and Ukraine are both “major suppliers of grains,” production and shipping costs have also increased.

“According to a news statement from the FAO, director-general Qu Dongyu, “Human misery is increasing around the world as a result of rising food, fertilizer, feed, and fuel prices as well as tightening financial conditions.

If there is a decline in global food production and a decrease in the food supply from major exporting nations like Russia and Ukraine, more people could experience chronic undernourishment globally in 2023, according to him.

The report stated that population growth will be the key factor in the anticipated 1,4% yearly rise in global food consumption over the next ten years.

Compared to high-income nations, where demand will be “restricted by moderate population growth and a saturation in the per capita consumption of several food commodity groupings,” low- and middle-income countries need for food would continue to rise.

Over the next ten years, the FAO and OECD predict that world agricultural production will rise by 1% annually.

According to the analysis, livestock will be responsible for 90% of the rise in agriculture’s direct greenhouse gas emissions over the next ten years, which is expected to be a 6% increase.

The groups underlined that average agricultural productivity must grow by 28 percent in the following ten years to fulfill the Sustainable Development Goal of Zero Hunger.

The Sustainable Development Goals, the UN 2030 Agenda, and the Paris Agreement must all be accomplished, they said.

As “interdependence between trading partners” increases, the FAO and OECD stressed the significance of a multilateral trading system that is open, predictable, and governed by rules to ensure “well-functioning global trade and markets.”