2024 Markets outlook workshop

Brussels, Belgium

Tuesday, November 19, 2024

14:00 - 17:00 (CET)

The Forum for the Future of Agriculture held a workshop on market outlooks and policy implications for the agricultural and food sectors on November 19, 2024 in Brussels.

The key points covered included:

An overview of current conditions in agricultural and energy commodity markets, including price trends, production, and inventory levels. This highlighted the volatility and uncertainty in these markets in recent years.
An analysis of the relationship between food price inflation and broader inflationary pressures, showing that food prices have led the way in driving up inflation globally.
A discussion of long-term trends in commodity prices, including the dominance of long-term factors like population growth in driving agricultural prices versus the more cyclical nature of energy and industrial commodity prices.
Perspectives on policy priorities and challenges for OECD countries, the EU, and globally in addressing issues of food security, sustainability, productivity, and competitiveness in the agricultural and food sectors.

The discussion emphasized the need for better data, measurement, and analysis to inform policymaking, as well as the importance of balancing economic, social, and environmental objectives in policy approaches. The panelists also highlighted the complexities and trade-offs involved in driving a transition towards more sustainable and resilient food systems.

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Videos from this event

View all videos from this event >

2024 Markets outlook workshop – Introduction

Mark Titterington

2024 Markets outlook workshop – Food inflation: Is this time different?

John Baffes, Angelo Di Mambro

2024 Markets outlook workshop – Can we have the fuel and eat it?

Petr Havlík, Angelo Di Mambro

Summaries from this event

Articles/News

2024 Markets outlook workshop summary

Dec 02, 2024

Read Now

Confirmed speakers (in alphabetical order)

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group, World Bank

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Pierre Bascou

Director for Markets and acting Deputy Director-General for Markets and International - DG Agriculture and...

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Joseph W. Glauber

Senior Research Fellow, International Food Policy Research Institute (IFPRI)

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Tassos Haniotis

Special Advisor for Sustainable Productivity, Forum for the Future of Agriculture; Senior Guest Research Scholar,...

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Petr Havlík

Program Director, International Institute for Applied Systems (IIASA)

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Lee Ann Jackson

Head of Division, Agro-food Trade and Markets, OECD

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David Laborde

Director for Agrifood Economics division, Food and Agriculture Organization (FAO) of the United Nations

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Jurgen Tack

Secretary General, European Landowners' Organization

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Mark Titterington

Co-Founder & Director, Forum for the Future of Agriculture

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Ann Tutwiler

Chair of the Global Alliance for Improved Nutrition (GAIN) and Senior Fellow at Meridian Institute

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Confirmed Moderators (in alphabetical order)

Angelo Di Mambro

Agrifood editor at Euractiv

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Agenda

Nov 19, 2024

14:00 - 17:00 (CET)

13:30 - 14:00 (CET)

Arrival of participants

14:00 - 14:10 (CET)

Introduction

Mark Titterington, Co-founder & Director, Forum for the Future of Agriculture

14:10 - 15:30 (CET)

Setting the scene

Food inflation: Is this time different?

John Baffes, Senior Agriculture Economist, Development Economics Prospects Group, World Bank

Can we have the fuel and eat it? Land use pressures and sustainability questions

Petr Havlik, Program Director, International Institute for Applied Systems (IIASA)

The blissful linearity of market outlook and the nonlinear nature of their uncertain prospects

Tassos Haniotis, Special Advisor for Sustainable Productivity, Forum for the Future of Agriculture

Followed by Q&A session

Moderator

Angelo di Mambro, Agrifood editor at Euractiv

15:30 - 16:45 (CET)

What does all this mean for policies?

Panel discussion

Lee Ann Jackson, Head of the Agro-food Trade and Markets Division, OECD Trade and Agriculture Directorate
David Laborde, Director for Agrifood Economics Division, Food and Agriculture Organization (FAO) of the United Nations
Pierre Bascou, Director for Markets and acting Deputy Director-General for Markets and International – DG Agriculture and Rural Development – European Commission
Ann Tutwiler, Chair of the Global Alliance for Improved Nutrition (GAIN) and Senior Fellow at Meridian Institute
Joseph Glauber, Senior Research Fellow, IFPRI, CGIAR
Tassos Haniotis, Special Advisor for Sustainable Productivity, Forum for the Future of Agriculture

Followed by Q&A session

Moderator