Author Description

This new annual report assesses the medium-term outlook for grains and oilseeds, meat, and dairy products on world markets. Its projections reflect explicit assumptions about macroeconomic developments and agricultural policy, and take account of the commitments made under the Uruguay Round Agreement. This first edition exceptionally covers the six-year period of the implementation of the Agreement. The formal modelling framework used here provides a consistent, overall outlook which takes into account the uncertainties affecting it. Detailed tables project production, consumption, trade, and prices. Extensive graphics make this publication easy to understand.