Annotation
This annual publication examines world market trends and medium-term prospects for the main agricultural markets and products, and highlights the risks and uncertainties that may influence the agricultural outlook upto 2013. This is the 10th edition which finds that a fledgling global economic recovery, continuing government support policies, tighter global crop supplies and animal disease outbreaks in some OECD countries are conditioning market outcomes in the near term. Developing countries, with their faster population growth and rising per capita incomes, are expected to be the key drivers in the growth of world agricultural trade. Issues discussed include: the role of agricultural policies and how they influence farmers' production decisions; the likely market effects of the EU's 2003 Common Agricultural Policy reforms; the prolonged rundown in Chinese grain stocks and how this will affect world markets; agricultural developments in India, the world's second most populous country, and their impact on world markets.
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