This twelfth edition of the annual Agricultural Outlook - and the second prepared jointly with the FAO - provides an assessment of agricultural market prospects based on projections that extend to 2015 for production, consumption, trade, stocks and prices of mainly temperate zone agricultural commodities. These projections are based on specific assumptions regarding global macroeconomic conditions, population growth, national agricultural and trade policies, production technologies, and weather conditions.  It shows how these markets are influenced by economic developments and government policies and highlights some of the risks and uncertainties that may influence market outcomes. In addition to OECD countries, the market projections in the report cover a large number of other countries and regions including the agricultural giants of India, China, Brazil and Russia as well as Argentina, South Africa and several least developed countries.

Acronyms and Abbreviations
Outlook in Brief
Chapter 1. Overview
-Introduction
-The Main Underlying Assumptions
-Inflation Remains Contained, Resilient to High Energy Prices
-Increasing Global Focus on the Exchange Rates of High-Growth Developing Economies
-Domestic Support and Trade Policies Affect Global Markets
-Main Trends in Commodity Markets
-Uncertainties
-Emerging Issues: Demographic Challenges to the Global Food System
-Notes
Chapter 2. Cereals
-World Market Trends and Prospects
-Main Market Developments: Wheat and Coarse Grains
-Main Market Developments: Rice
-Key Issues and Uncertainties
-Notes
Chapter 3. Oilseeds and Oilseed Products
-World Market Trends and Prospects
-Main Market Developments
-Key Issues and Uncertainties
-Note
Chapter 4. Sugar
-World Market Trends and Prospects
-Main Market Developments
-Key Issues and Uncertainties
Chapter 5. Meat
-World Market Trends and Prospects
-Main Market Developments
-Key Issues and Uncertainties
-Notes
Chapter 6. Dairy
-World Market Trends and Prospects
-Main Market Developments
-Key Issues and Uncertainties
-Notes
Methodology
Annex A. Statistical Tables
-Table A.1. Economic Assumptions (GDP, PDE Deflator, Population, Exchange Rates)
-Table A.2. World Prices
-Table A.3. World Trade Projections
-Table A.4. Main Policy Assumptions for Cereal Markets (national taxes, support, tariffs, etc.)
-Table A.5. World Cereal Projections
-Table A.6. Wheat Projections
-Table A.7. Coarse Grain Projections
-Table A.8. Rice Projections
-Table A.9. Main Policy Assumptions for Oilseed Markets
-Table A.10. World Oilseed Projections
-Table A.11. Oilseed Projections
-Table A.12. Oilseed Meal Projections
-Table A.13. Vegetable Oil Projections
-Table A.14. Main Policy Assumptions for Meat Markets
-Table A.15. World Meat Projections
-Table A.16. Beef and Veal Projections
-Table A.17. Pit Meat Projections
-Table A.18. Poultry Meat Projections
-Table A.19. Sheep Meat Projections
-Table A.20. Main Policy Assumptions for Dairy Markets
-Table A.21. World Dairy Projections (Butter and Cheese)
-Table A.22. World Dairy Projections (Powder and Casein)
-Table A.23. Butter Projections
-Table A.24. Cheese Projections
-Table A.25. Skim Milk Powder Projections
-Table A.26. Whole Milk Powder Projections
-Table A.27. Milk Projections
-Table A.28. Whey Powder and Casein Projections
-Table A.29. Main Policy Assumptions for Sugar Markets
-Table A.30 World Sugar Projections
-Table A.31. World Sugar Projections (in Raw Sugar Equivalent)
Annex B. Glossary of Terms