Global productivity growth set to slow

The rate of increase in global agricultural productivity will slow to around 1.7 per cent a year over the coming decade - down from a trend rate of over two per cent in recent decades - a new report from the Organisation for Economic Cooperation & Development (OECD) and Food & Agriculture Organisation (FAO) has claimed.

The OECD-FAO Agricultural Outlook 2012-2021 ascribed the predicted slowdown in the growth rate of productivity to higher input costs, resource constraints, environmental pressures and climate change.

The report also anticipated continued high prices for food commodities, and called for governments to remove trade restrictions and domestic support schemes that, it said, "distort incentives for production and investment".

OECD secretary-general Angel Gurria said: "Increased productivity, green growth and more open markets will be essential if the food and nutrition requirements of future generations are to be met."


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