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Wednesday, March 18, 2009

New prospects for agriculture

The Commission present the evolution for agricultural markets and income for 2008 2015 periodThis report, published today, provides an outlook for agricultural commodities (cereals, oilseeds, meat and dairy products) in the EU-27 over the 2008-2015 period, based on specific assumptions on agricultural and trade policies and the macro-economic environment. They do not consider the potential outcome of the multilateral trade negotiations within the framework of the Doha Development Round. Therefore the Uruguay Round Agreement on Agriculture and other existing trade commitments are assumed to remain unchanged and to be met over the period 2008-2015.

The report is based on the information available at the end of January 2009. While the ongoing financial and economic crisis is expected to weigh heavily over the short-term perspectives of most agricultural sectors in the EU and at global level, the medium-term outlook for agricultural commodity markets is supported by structural factors including an assumed economic recovery. As such the medium-term prospects for EU agricultural income remain positive with the aggregate income in real terms and per labour unit exceeding the very favourable 2007 year by 7.5% in 2015 despite the significant short-term setback in the wake of the economic crisis. However, the outlook for agricultural markets and income remains subject to important uncertainties related to future economic, market and policy developments, the path of technological change and future climatic conditions.

Source 

More information  Agriculture and Rural development

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