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Agricultural and fishery production in Latin America and the Caribbean will increase by 17% in the next ten years, according to a new report by the OECD and FAO, published yesterday
More than half of this growth (53%) can be attributed to an increase in agricultural production, about 39% is due to the livestock sector and the remaining 8% will be the product of the expansion of fish production.
According to the Agricultural Outlook 2018-2027, it is expected that total crop production in the region will increase 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 significant changes expected for the grains and oilseeds sectors. The rest of the expansion of crop production will be due to an expansion of harvested area.
Agricultural land use in the region will increase by about 11 million hectares, and about half will be destined for crop production. Soybean cultivation will account for the vast majority (about 62%) of the expansion of cultivated area in the region.
Overall, the report predicts weaker growth in demand for basic food and food products and anticipates improved productivity in the agri-food sector; therefore, prices of major food products are expected to remain low over the next decade
THE SOJA LEADER
The OECD / FAO report indicates that Paraguay will expand soybean cultivation. Brazil will increase the multiple cultivation (on the same land) of soybeans and maize. The regional expansion of soybean cultivation will be driven by regional demand for protein meal and increasing global demand for soybeans.
Although nearly 46% of the region's soybean production will be exported, mainly to China, 54% of total soybean production will be processed in the region to create flour and oil. China's import demand is expected to decrease, which will impact major suppliers such as Brazil.
Brazil is named in the report as one of the countries that will play a key role as a key supplier of food for the world. with the Russian Federation, India, China, Western Europe and the United States.
MEAT PRODUCTION
Meat production in the region will increase by 19%, in response to strong growth in global and regional demand. While regional meat consumption will increase by about 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 that of the last 10 years 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. By 2027, the total consumption of dairy products will increase by 18%, with fresh dairy products accounting for most of the additional demand. As a result, growth in regional production of butter, cheese and skimmed milk powder is expected to decline in the coming years.
SUGAR AND OBESITY
The region will remain the largest sugar consumer in the world per capita. Sugar and vegetable oil consumption will continue to grow per capita and at a faster pace than during the previous decade. About 18% of the expected increase in total caloric availability per capita will come from these two products. This suggests that the high rates of obesity that plague the population will continue
AQUACULTURE
A significant expansion of aquaculture production is expected in Brazil and Chile, with total growth in production. by 43%, so the region will remain the second largest aquaculture producer in the world after Asia.
Most of this expansion will meet growing regional demand for fish as food consumption is expected The number of inhabitants per capita will increase by 13% over the next decade. If China fully implemented the provisions of its 13th Five-Year Plan for fisheries, its exports of fishery products and aquaculture would decline significantly, opening new market opportunities for Latin America.
expects the region to remain a leading global supplier of various food products, accounting for between 56% and 59% of world trade in soybean and sugar and 30% of world meat trade from here 2027.
Argentina, just as the elimination of export taxes for corn and wheat, should encourage the production of these products to the l '. export.
The United States clbadifying ethanol from sugarcane among advanced renewable fuels, encouraging imports of these products. Brazil, the region's position as a net exporter of ethanol will be strengthened over the next decade s, with the net commercial value growing at 11% per annum.
PROYECCIÓN
The badysis of food grown in Central America and the Caribbean.
The agricultural use of land in the area will increase by about 11 million hectares and half will be devoted to agricultural production.
Meat exports in the region will increase by nearly 3 million tonnes by 2027.
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