Agriculture

The statistic shows the projected meat consumption per capita worldwide from 2022 to 2032. It was predicted that the global consumption of meat per capita in 2032 will be 28.8 kilograms (retail weight equivalent).

The FAO Food Price Index (FFPI) averaged 120.4 points in May 2024, up 1.1 points from April 2024 and 4.3 points lower than its level in the corresponding month last year. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.

The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide.

The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 7.6 percent in October 2023. The overall inflation rate in the Euro area reached its peak in October 2022 at 10.6 percent. Prices have since fallen to 4.3 percent in September 2023. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, Czechia, and Serbia as of December 2023.

As of April 2022, PhosAgro, a Russian company, was the top agriculture company worldwide, based on market cap. The company had a market cap value of 12.86 billion U.S. dollars, more than double the market cap of the second leading company, Singapore-based Olam.

This statistic shows the market value of smart farming worldwide in 2021, and provided a forecast for 2022 to 2027. The global market size of smart agriculture is expected to grow from approximately 15 billion U.S. dollars in 2022 to 33 billion U.S. dollars by 2027.

In 2023, the French dairy company Danone was the second leading dairy company worldwide based on brand value, with a brand value of about nine billion U.S. dollars. Chinese dairy company Yili was ranked first that year, with a brand value of over 12 billion U.S. dollars.

In 2022, the retail price of long-grain, uncooked white rice stood at 97 U.S. cents per pound. In 2008, rice prices rose to record highs, from 55 to 81 U.S. cents, as global trade restrictions were put in place, causing many large importers to panic buy rice.

U.S. rice industry In the United States, about 2.5 million acres of rice were planted and harvested in 2021. The top rice-producing states that year were Arkansas, California, Louisiana, among others. Arkansas was the leading state by far, producing over 91 million cwt (centrum weight) of rice in 2021.

Leading rice producers worldwide Within the 2019/2020 period, India and China were the top rice-producing countries by far, based on the area harvested. India harvested a milled rice area of approximately 44 and a half million hectares, while China’s area amounted to some 31 million hectares. In terms of production, however, China produced a higher volume of milled rice than India within the same crop year: China produced close to 147 million metric tons of rice, while India’s figures reached an estimated 119 million tons.

In 2023, around 1,940,300 hectares of land in Germany were used for organic farming. This was an increase compared to 2022.

This statistic shows the production of cocoa beans from 2020/21 to 2022/23, with a forecast for 2023/24, by country. In crop year 2022/2023, about 2.24 million metric tons of cocoa beans were produced in Côte d'Ivoire.

Cocoa production Cocoa, a native to the Americas, was a valuable crop in the earliest South American cultures. The term cocoa originated from the Nahuatl word “cacahuatl”. Many believe that the plant first grew in the Amazon and upper Orinoco basins but the Mayans and the Aztecs eventually developed techniques to cultivate cocoa successfully. The plant was considered as a symbol of wealth for these civilizations and its beans were used as currency. Cocoa beans are the main ingredient for making chocolate.

Cocoa beans are produced in tropical zones around the Equator, where climate conditions are well suited for growing cocoa trees. About 70 percent of the world’s cocoa beans come from four West African countries: Ivory Coast, Ghana, Nigeria and Cameroon. The Ivory Coast and Ghana are by far the two largest producers of cocoa, accounting for more than 50 percent of the world´s cocoa. In 2021, the Ivory Coast alone produced approximately 2.1 million metric tons of cocoa beans. The nation is expected to produce a slightly higher volume of cocoa beans during the 2022/2023 crop year.