Photo Credit: PROEmilio Küffer

Global wheat and maize prices rose for the third consecutive month in March, according to the latest FPMA Bulletin from FAO. This increase brings prices more than 10 percent above their December 2017 levels.

Prolonged dry weather in the United States drove much of the price increases for wheat, as did concerns about cold and wet weather in some parts of Europe. Dry weather in Argentina contributed to maize price increases. Global demand for these commodities also remained strong in March, further driving up prices.

Photo Credit: IFPRI/Farha Khan

The latest version of FAO’s Monthly Report on Food Price Trends (FPMA) was recently released. The February report shows global cereal prices have increased overall since the start of 2018.

The FAO Crop Prospects and Food Situation Report for the last quarter of 2017 reports that 37 countries remain in need of food assistance. Twenty-nine of those countries are in Africa, seven are in Asia, and one is in Latin America and the Caribbean. Persistent conflict coupled with weather shocks resulting in production shortfalls are behind most of these needs. All of these factors have limited food access and availability in the affected countries, in some cases severely.

Photo Credit: Cuika Foto/WTO

This piece was originally posted on the IFPRI.org blog
BY ROB VOS, EUGENIO DIAZ-BONILLA, DAVID LABORDE AND VALERIA PIÑEIRO, IFPRI

Photo Credit: Imran Sohail

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.

Since the 2007-2008 food price crisis, food price volatility has been front and center in the international development conversation. The period of the crisis saw a dramatic rise in the international price of grains and other important commodities, while the years immediately following the crisis saw increasing grain price fluctuations on the international market.

Photo Credit: Tomas Munita / CIFOR

It is estimated that deforestation, forest degradation, and peat land emissions account for about 15 percent of total greenhouse gas emissions. A REDD (Reducing Emissions from Deforestation and Forest Degradation) agreement was reached at COP 16 in 2010; since then, REDD policies have been introduced with the goal of preserving forests and proposals have been put forward to compensate developing countries for avoided deforestation.

Research shows that the global growth of information and telecommunication technologies (ICTs) has resulted in significant development opportunities, especially in rural areas. ICTs can improve households’ agricultural production and profitability, increase job opportunities, and encourage the adoption of healthier practices and more effective risk management techniques.

FAO’s October report on food price trends was released this week. 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.

The latest editions of the FAO Food Price Index and AMIS Market Monitor were both released on October 6. The FAO Food Price Index is a measure of the monthly change in international prices of a basket of five food commodity groups, while the 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.

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