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Table 3 Impacts on EU and US producer prices. Percentage difference from the baseline

From: Impacts of the COVID-19 Pandemic on the Global Agricultural Markets

  EU USA
2020 2021 2022 Band (%) 2020 2021 2022 Band (%)
Biofuels
Biodiesel –14.7 − 2.6 3.9 60.7 –20.4 − 7.9 6.1 107.2
Ethanol –11.7 − 1.2 6.8 36.9 − 3.9 9.0 48.8
Dairy
Butter − 4.1 − 2.4 1.3 55.2 − 7.5 − 4.6 2.0 36.6
Cheese − 4.3 − 2.3 0.7 11.5 − 7.4 − 4.6 1.6 10.6
Skim milk powder − 3.4 − 1.9 − 0.7 20.1 − 3.9 − 2.5 − 0.4 16.8
Whole milk powder − 3.9 − 2.0 0.3 5.7 − 4.6 − 2.6 0.3 5.5
Grains
Maize − 1.0 − 1.9 − 0.8 11.5 − 7.3 − 9.7 − 2.2 12.2
Other coarse grains − 3.6 − 6.4 − 2.9 5.7 − 5.2 − 8.5 − 4.4 5.8
Rice − 2.7 − 2.7 − 0.3 56.6 − 2.7 − 2.8 − 0.3 125.0
Wheat − 3.2 − 5.0 − 2.5 6.1 − 3.1 − 4.9 − 2.8 6.0
Meat
Beef and Veal –10.4 − 0.8 5.7 17.9 –21.3 − 3.7 22.0 15.5
Pork –18.5 4.6 9.4 16.4 –21.0 1.7 12.8 18.8
Poultry − 7.6 − 3.6 0.9 38.6 − 7.2 − 4.3 0.7 60.4
Sheep − 7.6 0.1 2.1 38.2 − 8.5 − 0.6 2.8 28.1
Oilseeds
Other Oilseeds − 8.7 − 4.6 2.6 13.3 − 8.4 − 6.0 0.9 12.4
Soybean − 5.1 − 6.8 − 0.9 9.9 − 5.0 − 7.0 − 1.1 10.4
Other processed products
Total Protein Meal − 4.2 − 6.7 − 1.6 37.2 − 4.7 − 7.4 − 1.8 28.0
Vegetable oils –13.1 − 8.7 2.4 16.4 –11.7 − 8.4 2.3 15.0
  1. The columns (Band  %) is a measure of the variation in world production resulting from stochastic oil prices. It represents the 95% range (the large bands in Fig. 4) as a percent of the scenario value in 2030