OECD Agricultural Outlook: 2003 2008 by OECD. Published by : OECD Publishing

By OECD. Published by : OECD Publishing

The 9th variation of the OECD Agricultural Outlook analyses how worldwide and family forces are shaping agricultural markets over the medium time period. carrying on with worldwide financial weak point, compounded by means of drought-induced creation alterations in a few international locations, and executive aid regulations are conditioning industry results within the close to time period. The interplay of those elements, including an anticipated revival of the worldwide economic climate in 2004 might help form OECD and international agricultural markets as much as 2008. This e-book presents necessary details on marketplace developments and medium time period customers for the most agricultural items, together with sugar in this social gathering. It additionally indicates how those are prompted via executive regulations and highlights many of the hazards and uncertainties which may impact the rural Outlook. Tables offer precise commodity projections to 2008 for creation, intake, exchange, shares and costs in OECD nations and chosen info on different international locations, together with China, Argentina, the Russian Federation and Brazil.

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The proposal calls for decoupling of payments from production and shifting funding towards environment and rural development programs. The new EU food law agreed in 2001 came into force. It combines and clarifies existing requirements set out in seventeen separate Directives. Among other modifications, the “rapid alert system” for notification of food risks was revised and now includes contamination in animal feed. A new European Food Safety Authority was created, and a Hazard Analysis Critical Control Point system was adopted as a means to identify points in the production chain where control is critical for food safety.

With increased grain exports from the Black Sea region, Europe faced prices well below those given by the US trade in 2002. The high US prices are not expected to be maintained over the projection period, but they should, nevertheless, be well above the levels observed in the years immediately prior to 2002. At the same time, it is assumed that the gap between US and Black Sea prices will not be maintained over the projection period. … but long-term trends not substantially changed Except for the lower stocks, however, the fundamentals in world grain markets have not significantly changed.

Under different settings, the FSRI Act may have more pronounced impacts on world markets The US FSRI Act has relatively little impact on world markets in the context of the current world price projections, as Box 3 shows. Prices for coarse grains are somewhat lower, and those for oilseeds slightly higher, than what would have been the case had the FAIR Act provisions been continued to be applied, while wheat prices are hardly affected at all. However, this to a large degree depends on the settings on international markets.

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