Slower world economic growth is influencing demand, and seasonal fluctuations in climate are affecting supply.
As a result, markets have been particularly volatile, both on the input and output side. This has been compounded by fluctuations in exchange rates, notably the weakening of the euro against sterling.
That was the verdict of Jimmy McLean, head of Agricultural Services at the Royal Bank of Scotland, on the current situation in Scottish agriculture when he briefed farming journalists in Edinburgh yesterday.
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