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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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Overview

For the first time, this year’s Agricultural Outlook contains projections over a ten-year period to 2013 and includes an expanded European Union of 25 member countries. The Outlook this year occurs against a macroeconomic background that is more optimistic than that of the last two years. Economic growth in most OECD member countries is expected to be higher, led by the resurgent growth in the United States and its NAFTA trading partners, Canada and Mexico. Japan too, is expected to post solid growth numbers in 2003, and a path of moderate growth is expected following years of stagnation, even though this is anticipated to lessen in the medium-term. Growth in the euro zone in 2003 is lagging that of other major OECD ...

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