1 pacific food system outlook 2003 2004 australia severe drought across most of in calendar 2002 and the first half has had a significant effect on agricultural sector elements supply consumption chain although season al conditions main grain producing regions located primarily southern country have improved substantially following good rains july august effects will linger for some time partly because resulting supplies commodities retail prices foods risen significantly looking to future export oriented nature much s means global econom ic developments their demand be important macroeconomic situation united states is an destination exports from many basin countries including its economic per formance especially growth import likely sig nificant regional economy improving prospects increased are
