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Food Prices Hit “Dangerous Levels”

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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

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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

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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?

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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

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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

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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
News

Farmers To Celebrate Food Freedom Day

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Canadian farm groups will celebrate Food Freedom Day Sat. , Feb. 12, marking the calendar date by which the average Canadian will have earned enough to pay the entire year’s grocery bill. “Canadian farmers are proud of their role in providing high-quality food produced to top-level food safety, environmental, and animal-welfare standards,” said CFA president
Crops

UN Food Body FAO Warns Against Food Export Curbs

The United Nations’ food agency warned food-producing countries Jan. 26 against introducing export curbs to protect local markets as world food prices rose close to levels that triggered food riots in 2007- 08. Global food prices rose above 2008 highs in December with the Food Price Index of the UN Food and Agriculture Organization (FAO)
News

Biofuel Jatropha Doesn’t Measure Up

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Jatropha, a biofuel-producing plant once touted as a wonder crop, is turning out to be much less dependable than first thought, both environmentalists and industry players say. Some biofuel producers found themselves agreeing with many of the criticisms detailed in a report launched by campaign group Friends of the Earth this week “Jatropha: money doesn’t
News

Rising Food Prices Bring Political Risks

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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

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