Food commodity prices to ease, emissions to rise, says report
GHG emissions from agriculture were projected to increase by 4 per cent over the next 10 years.
Prices of major food commodities are expected to ease in the coming decade after a surge in the past year, helped by higher farm productivity and slowing demand from China, the UN food agency and the OECD said.
But emissions from agriculture are projected to climb, mostly from livestock production, the U.N. Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation and Development (OECD) said in a report.
Agricultural commodity prices have surged since last year due to booming Chinese imports and tightening crop inventories, leading the FAO to forecast record costs in 2021 for food importers.
But prices of most main agricultural commodities should fall slightly in real terms in the decade ahead, reverting to a long-term trend of improving production meeting rising demand from a growing world population, the FAO and OECD said in their Agricultural Outlook 2021-2030 report on Monday.
Chinese demand would remain a driver of global agricultural markets, particularly for consumption of meat and fish, but rising at a slower pace than the past decade, the report said.
Greenhouse gas (GHG) emissions from agriculture were projected to increase by 4 per cent over the next 10 years, with livestock accounting for more than 80 per cent of the rise.
“Thus, additional policy effort will be needed for the agricultural sector to effectively contribute to the global reduction in GHG emissions as set in the Paris Agreement,” the FAO and OECD said, adding that productivity gains would cut emissions per unit of output. — Reuters
Boeing did not disclose a new production rate for the 787 programme,... READ MORE
The Indian pavilion, one of the largest pavilions at the Expo will... READ MORE
The emergence of Dubai as a preferred FDI destination underscores the ... READ MORE
The USA Pavilion celebrates "Life, Liberty and the Pursuit of the... READ MORE
Winds may cause blowing dust and sand, says NCM READ MORE
The two-time defending champion will still play in doubles games. READ MORE
The Games, postponed last year because of the pandemic, opened on... READ MORE
The Abu Dhabi Police reminded motorists that the National... READ MORE