Prospects for agricultural markets 2006 - 2013

(C) EC

The market projections presented in this report for the main agricultural products in the EU-25 were established under a specific set of assumptions. These cover the outlook for the macro-economic environment, with a gradual recovery of EU economic growth and a strengthening of the US$ over the medium term. World agricultural commodity markets are projected to show growing demand and trade. Since this report is based on the information available at the beginning of June 2006, no account could be taken of the potential outcome of the multilateral trade negotiations within the framework of the Doha Development Round. Therefore, the Uruguay Round Agreement on Agriculture and other existing trade commitments are assumed to remain unchanged and to be met over the period 2006-2013. The impact of the recently adopted sugar reform has only been taken into account for the cereal and oilseed sectors.