GFM Network News

Global food prices fall in August, FAO ups crop forecasts

Global food prices fell in August for the fourth month running, according to the United Nations’ food agency, which again raised its 2013-14 forecast for grain production. The Food and Agriculture Organization (FAO) said on Thursday that cheaper food last month reflected declines in corn, wheat and edible oils prices. Food prices surged during the

Food prices to stay high in 2013, FAO says

Food prices will stay at high levels in 2013 and low stocks pose the risk of sharp price increases if crops fail, the United Nations’ food agency said on Thursday, after its index showed prices fell for the third month running in December. A surge in food prices over the summer of 2012 fuelled by

One in eight of world population going hungry, UN says

One out of every eight people in the world is chronically undernourished, the United Nations’ food agencies said Tuesday, warning that progress to reduce hunger has slowed since 2007-08 when high food prices sparked riots in several poor countries. In their latest report on food insecurity, the UN agencies estimated that 868 million people were

World food prices stabilize, but UN urges action

World food prices stabilized in August at levels close to those reached in the food crisis of 2008, and global grain stocks are likely to shrink this year as cereal crop output falls short of what is needed, the United Nations food agency said on Thursday. The UN Food and Agriculture Organization’s (FAO) director-general Jose

Food prices may ease in 2012 but won’t drop: FAO

Prices of some foods may ease slightly in 2012 due to a slowing global economy but are unlikely to drop drastically from the high levels reached last year, the new director-general of the U.N.’s Food and Agriculture Organization said on Tuesday. Jose Graziano da Silva, the Brazilian who replaced Senegal’s Jacques Diouf at the helm

UN Body Delays Efforts To Regulate “Land Grabs”

AUN intergovernmental body on food security has failed to adopt international guidelines on land governance, delaying efforts to regulate so-called land grabbing as investors race to snap up agricultural land. A voluntary code of conduct has been in the works since 2008, driven by concerns that countries such as China and Gulf Arab states are