Reform of market regimes for key agricultural commodities moved domestic prices in the European Union close to the border price levels, with the price differential between internal EU prices and world prices falling from 33% in 1995-97 to 5% in 2011-13. The reduction in the price difference is also significant and gradual in Israel, where the price differential fell from 19% to 8% between the two periods. More importantly, producers in Australia, Chile, Mexico, New Zealand, and the United States receive at present prices which on average are either fully or closely aligned with international levels.