GFM Network News


More Than Six Million Need Food Aid In N. Korea

More than six million people in North Korea urgently need food aid because of substantial falls in domestic production, food imports and international aid, the United Nations said May 25. In a report providing a rare glimpse into the reclusive communist state, where a famine in the 1990s killed an estimated one million people, three

FAO Head Wants New Commodity Rules

Market deregulat ion since 1999 has fuelled speculation on commodities markets, and that needs to be corrected to curb food price volatility, the head of FAO said Feb. 3. “We have created an environment that allows pure speculation,” FAO director general Jacques Diouf told Reuters Insider. “This is something that would require the necessary corrections


Bring back food commodity trade rules: FAO

Market deregulation since 1999 has fuelled speculation on commodities markets, and that needs to be corrected to curb food price volatility, the head of the United Nations’ Food and Agriculture Organization said Thursday. “We have created an environment that allows pure speculation,” FAO director general Jacques Diouf told Reuters Insider TV shortly after the agency

France Sees Wide Support To Regulate Food Markets

France said Oct. 14 its proposals for tighter controls on commodity trading were being well received in many G20 countries, and it issued a joint statement with Brazil on measures to curb food price volatility. France, which takes over the presidency of the Group of 20 most important economies in November, has made fighting speculation

FAO Raises 2009 Cereals Forecast Despite Rice Dip

“…world cereal utilization in 2009-10 was expected to grow faster than earlier anticipated, in part due to weaker prices.” World cereal production this year is expected to be 2.234 billion tonnes, just two per cent below last year’s record crop and nearly 26 million tonnes higher than previously expected, the United Nations said Nov. 10.


Groups Discuss World Grain Reserve

Setting up a world grain reserve is a realistic option that would reduce the risk of food shortages and shield farmers from big price shocks, a senior official with the U. S. National Farmers Union said March 19. The proposal to create global cereal stocks topped the agenda of a meeting of farmers’ unions from