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World agricultural markets to improve

Series: OECD Press Release ; 16 July 2002, (2)Publication details: 2002Subject(s): Summary: According to the OECD's Agricultural outlook 2002 - 2007, global agricultural commodity markets have taken a long time to recover from a steep drop in prices during the second half of the 1990s, caused by slack demand and trade in the wake of a general downturn in world economic growth, as well as continued high levels of government spending on farm support. World agricultural prices should, however, gradually rise from their current weak levels as the economic recovery strengthens at the end of this year and into 2003.
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News article London News article WB3827-17 (Browse shelf(Opens below)) 1 Available 119004-1001

According to the OECD's Agricultural outlook 2002 - 2007, global agricultural commodity markets have taken a long time to recover from a steep drop in prices during the second half of the 1990s, caused by slack demand and trade in the wake of a general downturn in world economic growth, as well as continued high levels of government spending on farm support. World agricultural prices should, however, gradually rise from their current weak levels as the economic recovery strengthens at the end of this year and into 2003.