European Union - New Commission analysis looks at the impact of recession on agriculture trade

The global economic and financial crisis that emerged in 2008 had a dramatic impact on world trade in goods and services. Although world agricultural trade was relatively less affected, it still fell by 13% in value and 3% in volume in 2009.

Friday 18 June 2010 (8 years 2 months 1 days ago)
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The global economic and financial crisis that emerged in 2008 had a dramatic impact on world trade in goods and services. Although world agricultural trade was relatively less affected, it still fell by 13% in value and 3% in volume in 2009.

This was also an exceptional year for EU agricultural trade, as it reversed the growth pattern of the previous years, with a decline both in imports and exports. This is the conclusion of the latest MAP (Monitoring Agri-trade Policy) published by the Commission's Directorate-General for Agriculture and Rural Development.

http://ec.europa.eu/agriculture/publi/map/06_10_en.pdf

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