The OECD-FAO Agricultural Outlook 2009-2018 was released on June 17, 2009.
The report reveals that:
World reference prices for many commodities nearly doubled over the period 2007-2008 but fell sharply from their record highs, driven by increased production, responding to earlier price rises, and by weaker demand, intensified by the commencement of the global economic crisis.
However, prices are expected to strengthen with economic recovery over the medium term. For the next 10 years, prices in real terms are still projected at, or above, the levels of the decade prior to the 2007-08 peaks.
Agricultural Outlook can be downloaded here:
(FAO Staff only. Staff without password, contact firstname.lastname@example.org)