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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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Indian Agriculture

Performance, Policy Challenges and Medium Term Market Prospects

India, with the second largest population in the world, potentially represents one of the most important markets for bulk agricultural commodities and agricultural exports. However, in a number of cases, access to this growing market has been constrained by India’s agricultural and trade policies. The overriding policy goal of self-sufficiency in food production based on high domestic production driven largely by domestic subsidies, in the form of price support and large input subsidies, and reinforced by high import tariffs have limited trade opportunities. This policy regime, however, is widely perceived as being neither sustainable nor compatible with the changed circumstances and challenges now facing the Indian agricultural economy ...

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