ppt课件-factorscontributingtohighfoodcommodityprices-usda.pptVIP

Factors contributing to fluctuations in food commodity prices Economy wide Ag sector * Corn, wheat, rice, and soybean prices projected to remain historically high $ per bushel (per cwt for rice) Corn Wheat Soybeans Source: USDA Agricultural Baseline Projections to 2023, February 2014. Rice $ per hundredweight, U.S. markets Beef cattle: Steers, 5-area Broilers: National composite Hogs: National base Livestock Prices Source: USDA Agricultural Baseline Projections to 2023, February 2014. Conclusions World production rose sharply in 2013 in response to high prices and good weather. Stocks have risen. Expect prices to decline from recent peaks, but to remain historically high Global economic recovery and renewed growth in demand for crops, animal products, and energy Slower productivity growth Continued low value of the dollar Much slower growth in global biofuels output World ag production prospects In short-run: production can respond to higher prices – if the weather cooperates. Over next 10 years, global production growth is projected to keep pace with population. Why Have Food Commodity Prices Risen Again? /publications/WRS1103/ USDA Agricultural Projections to 2023 /topics/farm-economy/agricultural-baseline-projections.aspx Contact: Ron Trostle rtrostle@ 202-694-5280 Related reports and contacts Non-food commodity prices have risen even faster Source: International Monetary Fund: International Financial Statistics. January 2014 * Factors that may influence future ag prices Economic growth world economy Global consumption import demand Weather / world ag production Stock levels Exchange rates Energy other non ag prices / Ag production costs Policy changes by food commodity exporters importers Prices for commodities other than food have also been rising. Prices for commodities such as energy, metals, beverages, and agricu