The FAO-OECD collaborative effort brings together the commodity, policy and country expertise of both organizations as well as input from collaborating member countries to provide an annual assessment of the prospects for the coming decade of national, regional and global agricultural commodity markets.

According to the publication, several years of strong supply have reduced the international prices of most agricultural commodities, with cereal, beef and sheep meat prices showing short-term rebounds. For nearly all commodities covered in the Outlook, real prices are projected to remain at or below current levels over the coming decade, as productivity improvements continue to outpace demand growth.

This year's publication features a special chapter on Latin American and the Caribbean, a region that accounts for 14 percent of global production and 23 percent of the world's exports of agricultural and fisheries products - a share expected to rise to 25 percent by 2028.