This report presents the medium-term outlook for the major EU agricultural commodity markets and agricultural income to 2030, based on a set of cohere
This report presents the medium-term outlook for the major EU agricultural commodity markets and agricultural income to 2030, based on a set of coherent macroeconomic assumptions deemed most plausible at the time of the analysis. The projections assume a continuation of current agricultural and trade policies. These assumptions imply relatively smooth market developments while in reality markets tend importance of rural development pdf be much more volatile. Therefore, the outlook is not a forecast.
More precisely, the projections correspond to the average trend agricultural markets are expected to follow in a given macroeconomic environment were policies to remain unchanged. 2030, based on a set of coherent macroeconomic assumptions deemed most plausible at the time of the analysis. This analysis is based on information available at the end of September 2017 for agricultural production and on an agro-economic model used by the European Commission. It is accompanied by an uncertainty analysis quantifying potential variations of the results, stemming in particular from fluctuations in the macroeconomic environment and yields of the main crops.
Specific scenarios are also developed for climate extreme events in the EU, Indian skimmed milk powder exports and an EU avian influenza outbreak. As part of the validation process, an external review of the baseline and the uncertainty scenarios was conducted at an outlook workshop in Brussels on 19-20 October 2017. Valuable input was collected from high-level policymakers, European and international modelling and market experts, private companies and other stakeholders, as well as international organisations such as the OECD, the FAO and the World Bank. This European Commission publication is a joint effort between the Directorate-General for Agriculture and Rural Development and the Joint Research Centre. Responsibility for the content rests with the Directorate-General for Agriculture and Rural Development. This publication does not necessarily reflect the official opinion of the European Commission. Did you find what you want?
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