Committee on Commodity Problems

The 74th Session of the Committee on Commodity Problems (CCP) will review the latest developments in food and agricultural markets and examine market outlook, including medium-term projections. The Committee will also discuss the findings of FAO’s flagship publication The State of Agricultural Commodity Markets (SOCO) 2020 on the theme “Agricultural Markets and Sustainable Development: Global value chains, smallholder farmers and digital innovations”. Furthermore, it will provide guidance on FAO’s work programme in commodity markets and trade for the period 2022-25 and beyond.


Since 1995, international trade in food and agriculture has more than doubled in real terms to amount to USD 1.5 trillion in 2018.
Economic growth, urbanization, technological progress and globalization shape dietary changes and affect agricultural production.
About one-third of global agricultural and food exports are traded within global value chains.
Well‐functioning markets are key for agricultural growth and lie at the heart of the development process.
Connectivity has improved dramatically, but a digital gap remains across countries and populations. Women in rural areas of developing countries are at a particularly large disadvantage.
Inclusive business models, such as contract farming, can address the constraints farmers face in entering markets and value chains.
Global value chains, when combined with sustainability certification schemes, can help align global efforts to address sustainability challenges.
Digital technologies can be leveraged to address multiple market failures and facilitate smallholder farmers’ integration in markets and value chains.


This edition of The State of Agricultural Commodity Markets focuses on how markets can bring us closer to achieving the 2030 Agenda for Sustainable Development. SOCO 2020 offers a detailed analysis of the major global trends in agri-food markets and trade to identify how to reap economic, environmental and social gains and spur overall development. The report makes an important contribution to the debate on how well-functioning markets can contribute to inclusive economic growth and sustainable development. SOCO 2020 discusses policies, innovative mechanisms and digital innovations that can promote the participation of developing countries and smallholder farmers in global value chains. The report also looks at policy responses to address the impacts of the COVID-19 pandemic on food value chains, both nationally and globally.

The State of Agricultural Commodity Markets (SOCO) 2020 Edition