The World Agricultural Situation, 1960

Foreign Agricultural Service

No 349675, USDA Miscellaneous from United States Department of Agriculture

Abstract: World Summary: World agricultural production in 1959-60 is expected to match last year's record output. Per capita production, though down, will still be higher than in any previous year except 1958-59. Increased stocks on hand at the beginning of the season should raise per capita supplies close to the 1958-59 level. Demand for farm products strengthened somewhat during 1958-59, with the passing of the recession in North America, Japan, and Western Europe. This was partly reflected in some recovery of world market prices for various farm-produced raw materials. Prices of a number of other major farm products weakened in the face of heavy supplies. At the same time, the volume of world agricultural trade increased somewhat. It is expected to increase again in 1959-60, but probably not enough to reduce materially exporting countries' stocks of such important commodities as wheat, feed grains, and coffee.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Dairy Production/Industries; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Livestock Production/Industries; Productivity Analysis (search for similar items in EconPapers)
Pages: 54
Date: 1959-12
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:349675

DOI: 10.22004/ag.econ.349675

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