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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.