The European Commission has today published its latest report on prospects for agricultural markets in the EU for the period 2006-2013. The report covers the market and income prospects for cereals, oilseeds, meat, eggs, milk and the main dairy products. It is based on facts available in June 2006 and therefore does not take account of multilateral trade negotiations. The outlook for the EU cereal markets is moderately positive for most products, although structural surpluses, particularly of maize, could weigh heavily on some central European markets. The poultry and pig meat sector should also exhibit relatively favourable medium-term perspectives, while beef production is expected to decline with a widening of the trade deficit as a consequence of the CAP reform and strong competition from the world market. The market balance for the major dairy products is expected to improve over the medium term. These projections should lead to an 18 % growth in EU-25 agricultural income between 2005 and 2013 in real terms and per labour unit (11 % in the old Member States and a steady 42.5 % rise for the new Member States).

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Source: European Commission - Agriculture News Digest 28.07.2006