Committee on Commodity Problems

The 75th 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) 2022 on the theme “The Geography of Food and Agricultural Trade: Policy approaches for sustainable development”. Furthermore, it will provide guidance on FAO’s work programme in commodity markets and trade under the FAO Strategic Framework 2022-31.

Themes

Strategic framework

Oilcrops

Programme of work

Publications


THE GEOGRAPHY OF FOOD AND AGRICULTURAL TRADE
Policy approaches for sustainable development

This edition of The State of Agricultural Commodity Markets (SOCO) 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. SOCO 2022 explores 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.


The State of Agricultural Commodity Markets (SOCO) 2020 Edition