EU market observatory to bring transparency on crops

A new market observatory for crops has been launched by the European Union to bring greater transparency and analysis to a key sector for agriculture.

The crops market observatory consists of 14 organisations represented by 23 individual market experts from different stages in the grains supply chain (farmers, traders, first processing industry, second processing industry).

A board of market experts will meet twice a year, chaired by the Commission. A dedicated website for the observatory includes a wide range of market data on production, trade and prices that will be regularly updated and analysed to help farmers and traders manage their business.