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OECD-FAO Agricultural Outlook 2004

image of OECD-FAO Agricultural Outlook 2004

This tenth edition of the OECD Agricultural Outlook analyses how global and domestic forces are shaping agricultural markets to 2013.  It highlights some of the risks and uncertainties that may influence the agricultural outlook.  After presenting a broad overview of the situation and setting out the assumptions used, the report  presents detailed projections for production, consumption, trade, stocks, and prices for OECD countries as well as Argentina, Brazil, China, and Russia. Commodities covered include cereals, oilseeds, sugar, meat, and dairy.  Two special chapters cover medium term market impacts of the 2003 EU Common Agricultural Policy reform and Indian agricultural policy challenges and market prospects.

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Economic and Policy Assumptions

Restrained optimism prevails for a recovery in the world economy as growth momentum takeshold in North America, Asia and the United Kingdom. Continental Europe has begun to rebound, but has shown a more hesitant recovery. Major Non-member economies such as Brazil and China continue to enjoy substantial economic activity and growth, as does Russia in the near term ...

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