Ffigher demand combined with a reduction in supply can be expected to result in higher world prices, holding other factors constant. A 2010 study by Agriculture and Agri-Food Canada, using the AGLINK-COSIMO model for scenario analysis, examined the potential medium term impacts of such depreciation on world agricultural commodity prices. For each major currency, the average 2002-08 appreciation against the US dollar was calculated and held constant at this level in each projection year out to 2019.