U.K. Organic Sales Stable After Recession Fall

Sales of organic products in Britain has stabilized after a recession-driven decline which was particularly severe in the meat sector, the incoming director of the Soil Association said on Feb. 9. “Last year we saw a drop (in demand), particularly in some areas. The feeling is very much that it is more stable now and

Food Costs At Records, UN Warns Of Volatile Era

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


FAO Head Wants New Commodity Rules

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

U.S. Rejects Mexico Plan For Doha Trade Deal

The United States rejected a Mexican government proposal to break the deadlock in long-stalled world trade talks Feb. 4, saying it failed to achieve the amount of new market opening needed for a deal. Trade ministers agreed last week to push for an outline deal in the decade-old talks by July, and instruct their negotiators


Beef Plant Gains Russia Access

Russia has allowed beef imports from Cargill’s plant in Guelph, Ontario, as the world’s No. 2 beef importer gradually lifts restrictions it has had in place on Canadian plants since a 2003 discovery of BSE, or mad cow disease in Western Canada. Access to Russia will mean an additional $2 million in annual sales for

Saudi Arabia To Import More Wheat

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


Cyclone May Be Tipping Point In Australia Climate Policy Debate

Australia has endured two of its deadliest summers on record, blamed in part on global warming, but record fires, floods and cyclones have not persuaded it to take strong action on climate change. But some experts hope that the arrival of giant Cyclone Yasi on the coast of Queensland, already hit by massive floods last

Somalia Faces Worst Drought In Five Years

Somalia is entering its worst drought in five years and aid agencies are unable to feed the majority of people in need, a senior United Nations humanitarian official said Jan. 28. Al Shabaab rebels, who profess loyalty to al-Qaida, have refused to allow food aid to be distributed in southern and central Somalia, which they


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

Maple Leaf Gives West Face CEO A Seat On Board

Maple Leaf Foods appointed the head of investment fund West Face Capital to its board Feb. 3, bringing in a leading activist shareholder who has been critical of corporate governance at the Canadian food processor. West Face chief executive Gregory Boland joins the board six months after the Torontobased investment fund took a stake in