This report presents the medium-term outlook for the major EU agricultural commodity markets and agricultural income to 2026, 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 to 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.