The EU published report indicated that due to the 2008 economic crisis and the impact of financial crisis, the 2009 World agricultural trade declined 13%, trade volumes declined by 3%.
EU official says, "in all factors restricting agricultural trade, there is no doubt that the economic crisis has caused a great impact. "The report notes that the raw materials price stagnation and exchange rate fluctuations are often caused by the decline in global agricultural trade. In particular for the EU, in recent years, increased investment in agriculture, reducing imports and exports. 2009 EU trade in agricultural products, imports declined 13%, 8% reduction in export.
EU agricultural products overall demand than United States, Japan, Canada, Australia and New Zealand's and the five countries. Compared to previous years, world agricultural trade significantly slowed.
EU-27 countries imports, particularly reduced maize, beans, wheat and vegetable oil imports. Most suppliers reduce the supply of products, mainly the United States and Argentina, 24% decrease respectively and 29% of supply.
On the export side, economic conditions greatly damage the Terminal product, this is due to those affected by the economic crisis hit the national demand. The EU lost much of its exports to the United States market, trade volume is reduced by 8% and the continued decline in exports to Russia's trade declined the most, up to 21%.
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