2024 International Agricultural Market Outlook
April 2, 2024
FAPRI-MU Report #02-24: Agricultural commodity and biofuel market prices mostly weakened in 2023 and are projected to remain below the higher levels seen in 2022 for the next 10 years. Input price pressures have eased and demand growth is expected to moderate in the projection period. Assuming normal weather and economic conditions, as well as no policy shifts or major disruptions, supply‐side production potential is not tested.