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The State of Agricultural Commodity Markets 2020

Agricultural markets and sustainable development: Global value chains, smallholder farmers and digital innovations

Year of publication 2020

Place of publication Rome, Italy ;

Pages 164 p.

Author FAO

Publisher FAO ;

Product type Book (series)

ISBN 978-92-5-133171-2

Series title The State of Agricultural Commodity Markets (SOCO)

Series number 2020

Edition 1

Synopsis (short abstract) The State of Agricultural Commodity Markets 2020 (SOCO 2020) aims to discuss policies and mechanisms that promote sustainable outcomes – economic, social and environmental – in agricultural and food markets, both global and domestic. The analysis is organized along the trends and challenges that lie at the heart of global discussions on trade and development. These include the evolution of trade and markets; the emergence of global value chains in food and agriculture; the extent to which smallholder farmers in developing countries participate in value chains and markets; and the transformative impacts of digital technology on markets. Along these themes, SOCO 2020 discusses policies and institutions that can promote inclusive economic growth and also harness markets to contribute towards the realization of the 2030 Agenda and its Sustainable Development Goals.

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Last updated date 04/03/2021, see corrigendum

Cite this content as:

​ FAO. 2020. The State of Agricultural CommodityMarkets 2020. Agricultural markets and sustainable development: Global valuechains, smallholder farmers and digital innovations. Rome, FAO.

https://doi.org/10.4060/cb0665en

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Language English

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    The State of Agricultural Commodity Markets 2022 (SOCO 2022) discusses how trade policies, based on both multilateral and regional approaches, can address today’s challenges for sustainable development. Trade policies in food and agriculture should aim to safeguard global food security, address the trade-offs between economic and environmental objectives, and strengthen the resilience of the global agrifood system to shocks, such as conflicts, pandemics and extreme weather. The report discusses the geography of trade, analysing food and agricultural trade and its patterns across countries and regions, its drivers and the trade policy environment. Comparative advantage, trade policies and trade costs shape the patterns of trade in food and agriculture. When comparative advantage plays out in the global market, trade benefits all countries. Lowering tariff barriers and reducing trade costs can promote trade and economic growth. Both multilateral and regional trade agreements can facilitate the process of making trade an avenue for growth but the gains of trade are distributed unevenly. When global environmental impacts, such as climate change, are considered, a multilateral approach to trade can help expand the reach of mitigation measures.
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