Uncertainties and low non-agricultural commodity prices resulted in a stronger global economic slowdown in 2016 than expected; the situation is expected to improve in 2017. Cereals and oilseeds are characterised by a combination of a global record production with weak EU production, particularly for wheat and maize. Ample global supply results in low cereal prices for the coming year, but oilseed prices hold due to increased world demand for meals. The last year of EU sugar production under quota is expected below 17 million tonnes, enough to assure availability on the market in the short term but putting pressure on the level of EU stocks at the end of campaign