Set-aside is to be reduced
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CTA. 2003. Set-aside is to be reduced. Agritrade, December 2003. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52828
The EC announced in November that in the light of the drought...
The EC announced in November that in the light of the drought in 2003 and the low level of world cereals stocks, the land to be set aside from production would be reduced from 10% to 5% in the cereals sector. This was felt to be necessary since a poor harvest in 2004 could expose the EU market to potentially serious risks. This is expected to lead to the production of an additional 7 million tonnes of cereals in the EU in 2004. Comment: While a poor harvest could expose the EU market to serious risks, a good harvest could see the EU's role as a significant cereals exporter restored.