By 2028, Latin America and the Caribbean will account for more than 25% of global exports of agricultural and fishery products, according to a new report by the Food and Agriculture Organization of the United Nations (FAO) and Organization for Economic Cooperation and Development (OECD). The publication highlights the expansion of regional protagonism in the midst of the slowdown in world production and trade.
According to the Agricultural Outlook 2019-2028 survey, over the next ten years, global demand for agricultural goods is expected to increase by 15%. On average, trade in agricultural and fishery commodities is expected to rise 1.3% per year in the period under review. Despite the growth estimate, the index is lower than the 3.3% annual average for the 2009-2018 decade.