According to the most recent World Agricultural Supply and Demand Estimates (WASDE) Report, global wheat supplies for 2017-2018 are up significantly due to an 8.6-million-ton production increase in the Former Soviet Union (FSU). Russian wheat production surpassed last year’s record by 5.0 million tons. Even though there are reduced production forecasts in Canada, EU, and U.S. the increased production from FSU more than offsets these conditions; as a result, foreign trade has increased from the FSU as well.

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The latest Food Price Monitoring and Analysis (FPMA) Bulletin from FAO cites higher global wheat export prices in July, up 6 percent from June and 28 percent from July 2016. Continued hot, dry weather raised concerns about availability, particularly of high-quality wheat; the European Union and the Black Sea region also saw harvest delays, further pushing up prices.

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This press release was released by CIMMYT and originally appeared on CGIAR.org.
At a time when weather patterns are becoming less predictable and population pressures on food supply are increasing, a group of crop scientists are laying the groundwork for an international crop network to systematically tackle threats to global food security.

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The most recent edition of the FAO Food Price Index rose to 179.1 points in July, up 3.9 points from June and 10.2 percent above July 2016 levels. This marks the third month of consecutive increase. Supply constraints and currency movements supported to cereal, sugar, and dairy prices. Meat values remained steady in July, while vegetable oil prices fell.

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Food crisis and famines continue to plague many developing countries. Armed conflict and prolonged drought have left around 20 million people at a risk of starvation and death in Somalia, South Sudan, Yemen, and Nigeria, while several other African nations also currently face with food insecurity, largely as a result of climate-driven weather events.

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The FAO’s monthly report on food price trends was released on July 10, 2017. The bulletin reports on recent food price developments over the past month at the global, regional, and country levels, with a focus on developing countries, and provides early warnings for high country-level food prices that may negatively affect food security.

According to the June WADSE Report, global wheat supplies for 2017-2018 are up 2.8 million tons. These projections are greatly influenced by a higher production forecast for Russia, which is projected to be 69.0 million tons. Wheat production in India is forecast to be lower by 1 million tons, but remains 9 million tons higher than 2016-2017 production. Similarly, EU wheat production forecasts declined slightly this month but remains 4 percent higher than the previous year’s levels.

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The latest FAO Food Price Index and AMIS Market Monitor were released earlier this month. The FAO Food Price Index is a measure of the monthly change in international prices of a basket of five food commodity groups; the monthly AMIS Market Monitor covers the international markets for wheat, rice, maize, and soy and provides an overview of the market situation and outlook for each of these crops.

Leaders of the G20 countries met in Hamburg, Germany on July 7-8 for the 2017 G20 Summit Meeting. The meeting covered a multitude of critical topics, including climate change, international trade relations, globalization, poverty and hunger, gender inequity, and inclusive and sustainable economic growth.

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The Global Food Market Information Group of the Agricultural Market Information System (AMIS) met in Rome on June 22-23 to discuss the current commodity market outlook for grains and oilseeds. This marked the eleventh meeting since the group was launched in 2011 at the G20 Agricultural Ministerial following the food price spikes in 2007-2008 and 2010.