World livestock and feed production and other agricultural products before 2006

Introduction: [World livestock and feed production and other agricultural products will increase by 2006] Paris, May 4: according to the 2001 / 2006 Agricultural Outlook report released by the organization for economic cooperation and development (OECD) on Friday, the world agricultural prices will rebound step by step before 2006, while the prices of meat products and dairy products will lead to increase in grains and oilseeds The report said a price rebound in agricultural commodity markets had begun, both globally and in many OECD countries In the seventh edition of Agricultural Outlook, the OECD predicted that demand growth will be faster than output growth, especially in non OECD countries, while global inventory will be reduced, and the world price of most agricultural products will rise between now and 2006 "During the period covered by the outlook report, world agricultural production is expected to grow, with the share of livestock products and feed increasing and the share of food decreasing," the report said By 2006, grain and oilseed prices will rebound moderately, close to the average in 1995 / 99 In addition, the price of meat and most dairy products will rebound rapidly in the next few years, for example, in some cases exceeding the average price level in the last five years of the 1990s That's what the report says The report predicts that the price of beef in the Pacific market will rise and the price of beef in the Atlantic market will be lower than that in the Atlantic market, while the EU will continue to restrict its export opportunities due to the spread of the BSE crisis In OECD member countries, the cyclical movement of beef production will be compensated by the growth of other meat production This will allow OECD meat production to grow at an annual rate of 1.3% since 2006 As a result, the OECD forecasts that the world's oil seed production will increase by 2 percentage points annually by 2006 The report also said OECD exports of commodities such as grains and oilseeds will continue to grow in the medium term "Grain exports are growing faster than they have been relatively sluggish in the past decade." "Trade in agricultural products between OECD member countries will expand strongly in the medium term." "Growth in beef and pork exports from North American countries is the most obvious trend, and this is at the expense of reduced EU sales," the report added China feed industry information network