Argentina will be exporting another 2.75 million tonnes of maize, bringing a modicum of stability to the volatile global food market. The announcement was made by Argentina's agriculture minister, Norberto Yauhar.
Coordinated international action is urgently needed to prevent rising food prices from hurting tens of millions of people over the coming months, the heads of the three United Nations food and agricultural agencies said in a joint statement today.
The report, led by the University of Leeds and published by the UK-based Centre for Low Carbon Futures, highlights China, Pakistan and Turkey as the most seriously affected major producers of wheat and maize and urges policymakers to focus attention on climate change adaptation to avert an imminent food crisis.
The critical food situation in Zimbabwe is likely to deteriorate further and a report by the World Food Programme blames it on the political instability and a series of natural disasters.
Zimbabwe has been facing bad food insecurity since 2001. Apart from political instability, prolonged droughts leading to poor harvests have also contributed to scarcity. The report adds that high levels of food price inflation came to an end when the ruling government began doing businesses in foreign currency. However, the country needs to invest more in the agriculture sector.
Two months ago, the United States Department of Agriculture forecast the biggest maize (corn) harvest in history: 376 million tons. After two months of record heat and drought in the U.S. Midwest, it has dropped its forecast to 274 million tons.
WASHINGTON (Reuters) - The worst drought in more than 50 years has caused more damage than expected to corn and soybean crops, the government said on Friday, heightening calls for a suspension of ethanol...
In an exclusive interview on Thought Economics published today, CGIAR Consortium Board Chair, Carlos Perez del Castillo, joins Ertharin Cousin of WFP and economist Jeffrey Sachs to explore the scale and nature of global hunger. Thoughtful comments reiterate the gravity of this phenomenon but also look at possible solutions. All agree now is the time to act.
G20 countries are to step in to try and co-ordinate a response to surging food prices, after the worst U.S. drought in half a century devastated crops in the world’s largest agricultural exporter, the Financial Times reports.
By Catherine HornbyROME, Aug 10 (Reuters) - The U.N.'s food agency stepped upthe pressure on the United States on Friday to change itsbiofuel policies because of the danger of a world food crisis,arguing...
ISTANBUL, Sept 13 (Reuters) - The head of the U.N. Food and Agriculture Organisation (FAO) said on Thursday there was no need for panic over global food prices, with the U.S. corn crop not as weak as feared and maize and soybean exporters just beginning planting.
Windhoek — Considerable declines in global grain production this year have prompted new fears of food shortages and an escalation in food prices similar to the 2008 crisis.
The UN Food and Agricultural Organisation (FAO) indicates that global cereal production will not be sufficient to fully cover expected utilisation during 2012/13, pointing to a larger drawdown of global cereal stocks than earlier anticipated.
The Southern Africa Development Community (SADC) has issued new warnings for the region, reporting isolated pockets of households that have run out of food harvested in the last season.
While there are hardly any signs of substantive and forward-looking agreements being reached at the United Nations climate change conference from November 26 to December 7, 2012 in Doha, latest research cautions that impact of climate change on future food prices is being underestimated.
Of Zimbabwe’s almost 13 million people, 1.6 million of them will require food aid, and the number is likely to grow. An estimated 1.8 million tons of maize, the staple crop, is necessary to feed Zimbabwe. But farmers unions are saying that the harvest is likely to be 1.1 million tons short. The ministry of agriculture is saying that about one third of all planted crops have failed due to the lack of irrigation and 45 percent of the maize crop must be written off. The World Food Program is preparing for a big increase in need. But the WFP’s Zimbabwe program budget of $119 million faces a shortfall of about $85 million.
WASHINGTON (Reuters) - Global financial lenders are advising countries to prepare for the possibility of higher food bills in the coming months, but for the moment the International Monetary Fund and World...
The global food crisis of 2007-2008 is threatening to repeat in the coming months, as the worst drought in 50 years devastates the US corn crop, with 51% of the crop rated "Poor/very poor" by the US Department of Agriculture. This crop is said to be on a par with that of 1988 crop, the worst in the past thirty years. Note that the US is the top producer and exporter of corn. Our account for nearly half of the world's corn and also a third of the world's soybeans, the harvest for which will be the lowest in five years. The director-general of the UN's Food and Agriculture Organization, José Graziano da Silva, characterizes the present global food situation as "precarious," as do experts we have contacted.
Islamabad—The Pakistan Economy Watch (PEW) on Friday said an immediate ban on biofuel production can save the world from looming food crisis which can result in massive malnutrition, starvation, and riots.
The worst drought in 50 years in the US and lack of rains in India and some other countries has left global food market highly vulnerable, it said.
In response to increased food prices, several African countries have recently reduced or removed import taxes on food staples such as cereals, sugar, and rice.
The actions by Mali, Niger and Ivory Coast reported last week are intended to stave off further price increases and the protests that could accompany them, Reuters reported. The United Nations recently warned of a crisis due to rising food prices fueled by drought and low crop harvests in large exporting nations such as the United States and Russia.
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