Reuters / Increased production, not strategic foods stocks, is the most effective way to tame food prices, says a senior EU official. Last month, French President Francois Hollande launched a global campaign to win support for creating strategic stockpiles of food commodities to keep a lid on food prices. But it would be better to
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EU official says strategic food stocks not the way to tame food prices
One in eight of world population still going hungry: UN
One out of every eight people in the world is chronically undernourished, the United Nations’ food agencies said Oct. 9, and aid groups warned that rising food prices could reverse gains in the fight against hunger. In a report on food insecurity, the UN agencies said 868 million people were hungry in 2010-12, or about
Food price shocks a serious threat, UN says
World leaders must take swift, co-ordinated action to ensure that food price shocks do not turn into a catastrophe that could hurt tens of millions of people in coming months, the United Nations’ food agencies said in a statement on Sept. 4. Global alarm over the potential for a food crisis of the kind seen
Despite reforms, Cuba is growing less food than five years ago
Cuba is producing less food than it did five years ago despite efforts to increase agriculture production, the government reported Aug. 31. Some export crops and farm output aimed at substituting food imports registered minor gains, but overall output last year remained below 2007 levels, according to a report issued by the National Statistics Office.
Climate threat to world’s poor is underestimated
london / reuters Climate change will greatly increase the suffering of the world’s poor, says Oxfam. More frequent extreme weather events will create shortages, destabilize markets, and cause price spikes on top of projected structural price rises of about 100 per cent for staples such as maize over the next 20 years, the charity said
UN urges change in U.S. biofuel policy to avoid food crisis
The United Nations’ food agency stepped up the pressure on the United States on Aug. 10 to change its biofuel policies because of the danger of a world food crisis, arguing the importance of growing crops for food over their use for fuel. Global alarm over the potential for a food crisis of the kind
Machinery dealers, meat packers likely to suffer
While U.S. crops of corn and soybeans wilt in the worst U.S. drought in a half-century, winners and losers are emerging in the agriculture sector of the Toronto Stock Exchange. Shares of Agrium Inc. and PotashCorp of Saskatchewan are up 21 per cent and eight per cent since June 1, lagging far behind the spike
World powers weigh emergency meeting on food prices
Leaders want to avoid grain export embargoes that factored into global shortages and political instability in 2008.
Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to tackle soaring grain prices caused by the worst U.S. drought in half a century and poor crops from the Black Sea bread basket. France, the United States and G20 president Mexico will hold a conference call at the endUSDA opens idle land for livestock feed
washington / reuters / U.S. farmers facing the worst drought since the 1950s can use environmentally fragile land for livestock feed, the U.S. Government said July 23, as it also asked crop insurers to give growers more time to pay premiums. Agriculture Secretary Tom Vilsack announced those steps during a teleconference from Iowa and called
No way to duck crop insurance disaster
Many on Capitol Hill are quick to point out that “if it walks like a duck and talks like a duck, it’s a duck.” What they never add is that this little blinding glimpse of the obvious has never stopped legislative quackery in the past, and it’s not stopping it now. For example, as