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Latin America and the Caribbean will increase by 17% in agricultural and fishery production by 2027
Tuesday, July 3, 2018
Economics and e-commerce
Future Value
Agriculture and Fisheries Production in America According to a new report by the OECD and FAO released today, Latin America and the Caribbean is growing by 17% over the next ten years.
More than half of this growth (53%) can be attributed to an increase in production about 39% is due to the livestock sector and the remaining 8% is the product of the expansion of fish production.
According to the 2018-2027 Agricultural Outlook, total production in the region is expected to grow by 1.8% per year until 2027.
About 60% of this growth will be due to performance improvements, which will increase in the region by an average of 11% over the next decade, with the most changes expected in the grains and oilseeds sectors. The rest of the expansion of agricultural production will be due to the expansion of harvested area.
The agricultural use of land in the region will increase by about 11 million hectares, and about half will be destined for crop production. Soybean cultivation accounts for the vast majority (about 62%) of the expansion of acreage grown in the region.
Overall, the report predicts weaker growth in demand for staple foods and food and anticipates improved productivity in the agri-food sector; as a result, prices of major staple foods are expected to remain low over the next decade
SOJA LEADING TO THE EXPANSION OF THE REGION'S FLOOD
The OECD / FAO Report indicates that Paraguay will experience a significant expansion of its soybean growing area. Brazil increases the multiple cultivation (in the same field) of soybeans and maize. The regional expansion of soybean cultivation is driven by the regional demand for protein meal and the increasing global demand for soy.
Although 46% of the region's soybean production is exported, mainly to China, 54% of total soybean production is processed in the region to create flour and oil. China's demand for imports is expected to decrease, which will have repercussions on major suppliers such as Brazil.
Brazil is considered one of the countries that play a key role as key suppliers of food for the world. with the Russian Federation, India, China, Western Europe and the United States.
MEAT PRODUCTION IN THE REGION INCREASES BY 19%
Meat production in the region will increase by 19%, reflecting growth in global and regional demand. While regional meat consumption will increase by around 8 million tonnes (17%) by 2027, regional production will be increasingly export oriented.
Meat exports in the region will increase by almost 3 million tonnes in 2027, representing a 31% increase over the 2015-17 base period, an expansion four times greater than the last ten years . Three-quarters of this export growth will come from Brazil.
It is also expected that the regional dairy sector will take on importance; However, most of the production will be consumed in the region. In 2027, total consumption of dairy products increased by 18%, with fresh dairy products accounting for most of the additional demand. As a result, growth in regional butter, cheese and skim milk powder production is expected to decline over the next few years.
AZCAR CONSUMPTION AND OBESITY
The region will continue to be the world's largest consumer of sugar per capita Consumption of sugar and vegetable oil continues to grow per capita and at a faster pace than during the previous decade. About 18% of the expected increase in total per capita availability in the region will come from these two commodities. This suggests that high rates of obesity affecting the population will continue.
THE SECOND GLOBAL PRODUCER OF AQUACULTURE
A large expansion of aquaculture production is expected in Brazil and Chile, with a total output growth of 43%, so that the region will remain the largest in the world. second largest aquaculture producer in the world after Asia.
Most of this expansion will help meet growing regional demand for fish, since food consumption is expected The number of inhabitants per capita will increase by 13% over the next decade. If China fully implements the provisions of its 13th Five-Year Plan for fisheries, its exports of caught fish and aquaculture products will decrease significantly, opening up new markets for Latin America.
GLOBAL SUPPLIER OF AGRICULTURAL PRODUCTS BSICOS
the region continues to be a major global supplier of various staples, accounting for between 56 and 59% of world trade in soybean and sugar and 30% of trade World Meat Trade by 2027.
Current trade policies in Argentina, such as the elimination of export taxes for corn and wheat, should encourage production-oriented production. 39, export of these products.
Whereas the United States ranks cane ethanol as an advanced renewable fuel, encouraging imports from Brazil, the position of the region as a net exporter of ethanol will be strengthened over the next ten years, with the net trade grows by 11% per annum
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