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.