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The World Agricultural Situation, 1960

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  • Foreign Agricultural Service

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.

Suggested Citation

  • Foreign Agricultural Service, 1959. "The World Agricultural Situation, 1960," USDA Miscellaneous 349675, United States Department of Agriculture.
    • Handle: RePEc:ags:usdami:349675
    DOI: 10.22004/ag.econ.349675
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