World agricultural markets to improve
World agricultural markets to improve
- 2002
- OECD Press Release 16 July 2002, (2) .
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.
AGRICULTURAL MARKET
ECONOMIC GROWTH
AGRICULTURAL PRODUCTS
WORLD TRADE
FORECASTS
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.
AGRICULTURAL MARKET
ECONOMIC GROWTH
AGRICULTURAL PRODUCTS
WORLD TRADE
FORECASTS