This is the seventeenth edition of the Agricultural Outlook and the seventh co-edition prepared jointly with the Food and Agriculture Organization of the United Nations (FAO). This report provides world market trends for biofuels, cereals, oilseeds, sugar, meats, dairy products and, for the first time, the fisheries sector over the 2011-20 period. This edition also includes an evaluation of recent developments, key issues and uncertainties in those commodity markets. The projections are the result of close co-operation with national experts in OECD and non-OECD countries. A jointly developed modelling system, based on the OECD’s AGLINK and on the FAO’s COSIMO models, facilitates consistency in the projections.  In the context of the G20 discussions on agriculture, a section of the report is devoted this year to the policy responses to price volatility.

Acronyms and Abbreviations
Outlook in Brief
Chapter 1. Overview
-Introduction
-The setting – high and volatile prices dominate markets
-Global agriculture in perspective
-Production costs on the rise with higher energy and feed costs
-Agricultural production to continue to grow, but at a slower rate
-Global fish production driven by aquaculture
-Food consumption growth is strongest in developing countries
-Commodity stocks are critical to market volatility
-Trade will grow more slowly with some new patterns emerging
-Risks and uncertainties
-Annex 1.A1. Statistical tables: Overview
Chapter 2. Special feature: What is driving price volatility?
-Why price volatility is a problem
-Key drivers of agricultural markets and price volatility
-Contributions of the key drivers to price variability
-The policy challenge
-Conclusion
Chapter 3. Biofuels
-Market situation
-Projection highlights
-Market trends and prospects
-Main issues and uncertainties
-Annex 3.A. Statistical tables: Biofuels
Chapter 4. Cereals
-Market situation
-Projection highlights
-Market trends and prospects
-Main issues and uncertainties
-Annex 4.A. Statistical tables: Cereals
Chapter 5. Oilseeds and oilseed products
-Market situation
-Projection highlights
-Market trends and prospects
-Main issues and uncertainties
-Annex 5.A. Statistical tables: Oilseeds and oilseed products
Chapter 6. Sugar
-Market situation
-Projection highlights
-Market trends and prospects
-Main issues and uncertainties
-References
-Annex 6.A. Statistical tables: Sugar
Chapter 7. Meat
-Market situation
-Projection highlights
-Market trends and prospects
-Main issues and uncertainties
-Annex 7.A. Statistical tables: Meat
Chapter 8. Fish
-Market situation
-Projection highlights
-Market trends and prospects
-Main issues and uncertainties
-Annex 8.A. Statistical tables: Fish.
Chapter 9. Dairy
-Market situation
-Projection highlights
-Market trends and prospects
-Main issues and uncertainties
-Reference
-Annex 9.A. Statistical tables: Dairy
Glossary of Terms
Methodology