Mumbai, July 15 -- The OECD-FAO Agricultural Outlook 2025-2034, out today, stated that global cereal production is projected to grow at an average annual rate of 1.1% over next nine years, driven largely by a 0.9 percent annual increase in yields. Harvested area is projected to expand by just 0.14 percent annually, less than half the 0.33 percent rate of the previous decade.
By 2034, 40 percent of all cereals will be consumed directly by humans, while 33 percent will be used for animal feed. Biofuel production and other industrial uses are projected to account for the rest.
Global demand for biofuels is projected to grow at an average annual rate of 0.9 percent, driven primarily by increases in Brazil, India and Indonesia.
Sub-Saharan Af...