OECD-FAO Agricultural Outlook 2003
The ninth edition of the OECD Agricultural Outlook analyses how global and domestic forces are shaping agricultural markets over the medium term. Continuing global economic weakness, compounded by drought-induced production adjustments in some countries, and government support policies are conditioning market outcomes in the near term. The interaction of these factors, together with an expected revival of the global economy in 2004 will help shape OECD and world agricultural markets up to 2008. This book provides valuable information on market trends and medium term prospects for the main agricultural products, including sugar on this occasion. It also shows how these are influenced by government policies and highlights some of the risks and uncertainties that may influence the Agricultural Outlook. Tables provide detailed commodity projections to 2008 for production, consumption, trade, stocks and prices in OECD countries and selected information on other countries, including China, Argentina, the Russian Federation and Brazil.
Also available in: French
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Economic and Policy Assumptions
Agricultural markets operate within the overall economy. Consequently, they not only react to factors that are specific for agricultural commodities but to macroeconomic variables such as income growth, inflation, interest rates and exchange rates. Agricultural markets are also affected by the policy context within which they operate. This section presents a brief summary of key macroeconomic developments during 2002 and expectations of developments over the Outlook period. In addition, some of the key agricultural policy developments are discussed.
Also available in: French
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Click to download PDF - 409.08KBPDF