Economy of Africa Archives - Page 4 of 7

Food Prices Hit “Dangerous Levels”

By Lesley Wroughton February 24, 2011

World Bank chief Robert Zoellick says global food prices have reached “dangerous levels,” and warns that their impact could complicate fragile political and social conditions in the Middle East and Central Asia. World Bank data released on Feb. 15 showed higher food prices – mainly for wheat, maize, sugars and edible oils – have pushed

News

Canada’s Food System Needs An Overhaul

By Alex Binkley February 17, 2011

The federal and provincial governments should encourage farmers to ramp up production this year to take advantage of strong prices but also help ease tight world stocks of grain and other commodities, says the Canadian Agri-Food Policy Institute (CAPI) and the Canadian Federation of Independent Business. They issued reports in early February urging gover nments

News

Africa, Caribbean Urged To Brace For Food Price Shocks

By Lesley Wroughton February 17, 2011

The World Bank and International Monetary Fund are warning poor regions that have so far not been hit by rising food prices, like sub-Saharan Africa and the Caribbean, to get ready to face them. Food price volatility is here to stay, the World Bank cautioned, amid growing worries there could be another full-blown food crisis

Opinion

Is Cheap Food Something To Celebrate?

By Laura Rance-Unger February 10, 2011

There were three storms making headlines over the past week, and only two of them were weather related. While the storm dubbed “Stormageddon” spread a wintry blast across 30 U.S. states, the Australian coast was hit by a major cyclone. But the storm that had all the world on edge last week was taking place

Cereals, News

Food Costs At Records, UN Warns Of Volatile Era

By Svetlana Kovalyova February 10, 2011

Record-high global food prices showed no sign of relenting following a rash of catastrophic weather, highlighted by a major U.S. snowstorm and a cyclone in Australia, which could put yet more pressure on prices and spark further unrest around the world. The closely watched UN Food and Agriculture Organization Food Price Index touched its highest

News

FAO Head Wants New Commodity Rules

By Silvia Aloisi February 10, 2011

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

Cereals, News

Saudi Arabia To Import More Wheat

By Asma Al Sharif February 10, 2011

Saudi Arabia plans to import around two million tonnes of wheat in 2011 like last year and will boost imports to three million tonnes after 2016 as it ends local production, a source at the grains authority said Feb. 2. The top OPEC oil exporter has emerged as a major wheat buyer to feed its

Livestock

Food Price Spike Shows Reform Urgent

By Nigel Hunt January 27, 2011

The current spike in food prices is a repeat of the 2007-08 crisis and indicates urgent reforms are needed to a stressed global agricultural system, John Beddington, the U.K. government’s chief scientist said on Jan. 24. “In 2007-08 everyone said this was just a one-off because we have been looking at price declines for 30

News

Rising Food Prices Bring Political Risks

By Peter Apps January 13, 2011

Record food prices will hit the world’s poorest hardest, raising the risk of riots, export bans, foreign-owned farmland expropriation and further price spikes fuelled by short-term investors. The UN Food and Agriculture Organization said on Jan. 6 food prices hit a record high in December and could rise further on erratic global weather patterns. For

News

Heavy Rains To Increase Colombia Inflation

By Nelson Bocanegra December 16, 2010

Strong rains flooding agricultural land and washing away roads in Colombia will increase inflation but not so much as to change consumer price targets, officials said Dec. 6. Bad weather has affected commodity-producing countries worldwide, from rains stalling the wheat harvest in Australia to dry spells in some of Argentina’s soy-growing areas and oil refinery

Daily Network News

Pulse Weekly: SPG looks back at harvest, ahead to trade

U.S. grains: Soy futures set 15-month high after China agrees to purchases

U.S. livestock: CME cattle futures take a pause after recent slides

Tag Archives Economy of Africa

Food Prices Hit “Dangerous Levels”

Canada’s Food System Needs An Overhaul

Is Cheap Food Something To Celebrate?

Food Costs At Records, UN Warns Of Volatile Era

FAO Head Wants New Commodity Rules

Saudi Arabia To Import More Wheat

Food Price Spike Shows Reform Urgent

Rising Food Prices Bring Political Risks

Heavy Rains To Increase Colombia Inflation

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