EU: Commission presents farm market forecasts, assesses impact of US farm bill
Today [Wednesday], the European Commission published a report on "Prospects for Agricultural Markets: 2002-2009".According to the forecasts, world markets are expected to emerge from a prolonged downturn. Medium-term prospects for the European Union (EU) are broadly positive for most agricultural products. In particular, a continued increase in consumption and a "sustained recovery in EU cereal exports" are projected, and beef production is set to return to "more normal" levels.
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