Excess Liquidity Driving Up Food Prices

Excess liquidity in global markets is driving up prices of farm commodities, which could be potentially dangerous in the near term, World Bank president Robert Zoellick said Dec. 11. With global interest rates at historic lows, investors are piling into different markets and asset classes in search of higher returns, raising concerns about possible asset

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.


Guidelines Could Help Improve Farmland Deals

A draft of the first-ever international code of conduct for farmland deals should be ready by the end of the year, the head of the United Nations’ International Fund for Agricultural Development said. The draft document will lead to more discussion about how to ensure deals benefit host nations, as well as those seeking to

Fertilizer Pricing The Last Straw For Farmers

“Well, if they (farmers) won’t pay our prices, we’ll grow the grain in China or India.” In the late winter of 1975, our family was having lunch in a Brandon, Manitoba restaurant. At the table next to ours, three fertilizer executives (two local and one from the U. S.) were discussing product pricing and bemoaning


Consumers Still Fret About Grain Prices

Uncertainty over U. S. spring plantings of corn and soybeans and recent weakness in the dollar have brought a resurgence in grain prices that spells fresh headaches for consumers and food makers this year. The commodities, at the base of a food chain that feeds into hundreds of supermarket products, from oils to starches to

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


Commodities Down But Food Prices Lag

“It’s not likely we’re going to be reducing prices in the near term.” – DOUGLAS CONANT, CAMPBELL CEO Commodity costs may be off their record highs and consumers may be struggling, but that doesn’t mean food manufacturers are about to slash prices. Many companies such as Campbell Soup Co. and Hormel Foods Corp. are still

Food Price Spike Tests Trade Faith

The recent shift toward rising food prices has shaken the confidence of developing countries in counting on trade to feed their hungry, and sparked a move toward protectionism, an OECD official said on Feb. 26. “The last 20 years, the movement was toward opening markets, and trade liberalization, and less government intervention in agricultural markets.


UN Sees Food Production Down 25 Per Cent By 2050

Up to a quarter of global food production could be lost by 2050 due to the combined impact of climate change, land degradation and loss, water scarcity and species infestation, the United Nations said Feb. 17. The fall-off will strike just as two billion more people are added to the world’s population, according to the

USDA economist sees more corn, less wheat

U. S. farmers will plant close to 90 million acres of corn in 2009 and cut back a bit on wheat, the Agriculture Department’s chief economist said Dec. 2. Chief economist Joe Glauber said at a conference sponsored by Farm Journal magazine that grain and soybean prices would remain volatile because of tight supplies. Food