The FAO’s monthly report on food price trends was released on February 13. 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.
Global wheat supplies dropped by 4.2 million tons this month due to sharply reduced production in India and Kazakhstan, according to the latest USDA World Agricultural Supply and Demand Estimate (WASDE) report. WASDE also raised its global wheat use estimates for 2016-2017 based on higher feed and residual use. This combination of falling global supplies and increasing global demand has led world ending stock estimates to be reduced by 4.7 million tons.
Surging cereal export prices brought the FAO Food Price Index to a two-year high in January. The Index rose 2.1 percent above its December level, to 173.8 points. This is the highest level seen since February 2015 and as much as 24.5 points above its January 2016 level.
The global population is expected to grow to more than 9 billion people by 2050. In such a scenario, ensuring the availability of and access to affordable and nutritious food will be a major challenge.
Climate change, disease outbreaks, price spikes, conflict - resilience to such shocks has become a widespread goal among development practitioners and policymakers, but what exactly is resilience? How can we define resilience and how can it be measured to ensure that programs and policies aimed at increasing poor populations’ resilience to shocks truly enhance food security and overall welfare?
The FAO’s latest Crop Prospects and Food Situation Report for 2016 forecasts world cereal production at 2,578 million tonnes, 1.7 percent above 2015 cereal output. This gain is being driven mainly on larger maize and wheat crops. The Crop Prospects and Food Situation Report is published four times a year and provides a review of the food situation by geographic region; it also includes a section dedicated to Low Income Food Deficit Countries (LIFDC) and a list of countries requiring external food assistance.
The FAO Food Price Index, released today, fell slightly in November but remains 10.4 percent higher than its November 2015 level. This month's small decline, driven mostly by falling oil prices, interrupted the rising trend seen since the start of 2016.
The Cereal Price Index fell 0.6 percent in November and is as much as 12 points below its year-earlier level. Good global supply prospects, particularly for wheat in Argentina and Australia, have supported this decrease.
Agriculture played a leading role in the UN Conference of the Parties on Climate Change (COP22), held in November in Marrakesh, Morocco. This year’s conference theme was “Africa, Adaptation, and Agriculture”; the event focused on helping countries establish specific strategies to achieve the agreement reached at COP21 (the Paris Agreement) to cap climate change below two degrees Celsius of warming in this century.
Value chain development (VCD) aims to address poverty by strengthening linkages among agricultural value chain actors (producers, laborers, traders, processors, retailers, and consumers), allowing those actors to take better advantage of market opportunities.
The FAO’s monthly report on food price trends was released on November 10. 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 early warnings for high country-level food prices that may negatively affect food security.