European Union-Farm prices.

EUROPEAN UNION-FARM PRICES.

Farm prices in the European Union will remain depressed in the near-term due to the global economic crisis but will recover by 2015, helped by growing demand for food, increased use of biofuels and slowing farm productivity growth, the European Commission said in a report Tuesday. The price of everything from corn to pork to milk has fallen steeply since reaching record highs in the first half o 2008, as consumers shift their eating habits to cope with the economic downturn, the commission, the E.U.’s executive arm, said in its report.