China To Stabilize Pork Prices

China will do more to boost pork supply and stabilize prices as part of efforts to check inflation, the state council said July 28. Pork prices fell last week, for the first time since April, data from the Commerce Ministry showed. The price of pork, a staple food, is particularly sensitive in China since it

China’s Costly Pigs Irk Consumers, Help Producers

The long, red-brick structures in this village on the outskirts of Beijing contain some of this year’s fastest-appreciating Chinese assets: pigs. Their owner Ma Shihong is in no rush to sell. Her fleshy, pale-downed porkers are worth 70 per cent more than last year on the market, with live pig prices, and their girth, growing


Global Food Inflation To Return After Brief Respite

Red-hot food inflation that has vexed policy-makers around the world seemed to take a breather last month, when corn and wheat prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already

Record-High Food Prices? Or Just Better Than Record Lows?

Reporters and politicians are making frequent references to high food prices – some going so far as to suggest prices are nearing record levels. But for the farmers and peasants who produce the world’s food, prices are nowhere near record highs. In fact, what is currently happening to corn, beans, rice, or wheat prices would


FAO Warns On Oil As World Food Prices Hit Record

Global food prices hit a record high in February, the United Nations said March 3, warning that fresh oil price spikes and stockpiling by importers keen to head off popular unrest would hit already volatile cereal markets. Rising food prices are a growing global concern, partly fuelling the protests which toppled the rulers of Tunisia

Food Inflation Controls May Backfire

Government efforts to control prices, now that food inflation has risen to the top of political agendas across the globe, may hamper a needed increase in supplies, a Cargill director warned Feb. 15. Paul Conway, senior vice-president and board member with the U.S. agribusiness and trading giant, said it was clear that political instability in


Food Prices Hit “Dangerous Levels”

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

Africa, Caribbean Urged To Brace For Food Price Shocks

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


U.S. Says Its Policy Not To Blame

U.S. Federal Reserve chairman Ben Bernanke said Feb. 3 it was “unfair” to blame U.S. monetary policy for pushing up inflationary pressures in emerging market economies. Some analysts have blamed the fed’s quantitative easing for flooding the global economy with money and helping to drive prices for food and other commodities higher. “It’s entirely unfair

Mind The Global Output Gap

Escalating food and fuel prices are a sign the global economy is approaching full resource utilization and the limits of sustainable output. Policy-makers, commentators and investors are still fiercely debating whether high unemployment and idle factories in the United States and Europe are caused by cyclical lack of demand (in which case Keynesian demand management