Agricultural price recovery forecast
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CTA. 2002. Agricultural price recovery forecast. Agritrade, October 2002. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52699
According to the OECD's Agricultural Outlook 2002-2007, world...
According to the OECD's Agricultural Outlook 2002-2007, world agricultural prices should gradually rise from their current weak levels as the economic recovery strengthens at the end of 2002 and into 2003. This improvement should continue up to 2007 fuelled by stronger demand and growing imports from developing countries. The report points to continuing high levels of government subsidies and farm support in many OECD countries and calls for governments to recognise that 'the long term prosperity and competitiveness of their farm sectors is not served by insulating producers from world markets'. The OECD projections however do not factor in the impact of the US Farm Bill and the mid-term review proposal for the reform of the CAP. An analysis assessing these implications will shortly be undertaken.