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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

Researchers Warn Arctic Fishing Under-Reported

The amount of fish caught in the Arctic has been dramatically under-reported for decades, making the northern ocean environment appear far more pristine than it really is, according to a new study. An estimated 950,000 tonnes of fish were caught in Russian, Canadian and U.S. Arctic waters between 1950 and 2006, which is 75 times
Livestock

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
Cereals, News

Saudi Arabia To Import More Wheat

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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
News

Somalia Faces Worst Drought In Five Years

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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
News

Gulf Arab Governments Tackle Higher Food Prices

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Countries in North Africa and the Middle East are urgently seeking ways to soften the blow of surging food prices for their citizens, alarmed by protests against authoritarian rulers from Algeria to Yemen. Unprecedented demonstrations have erupted around the region, triggered by events last month in Tunisia where President Zine al- Abidine Ben Ali was
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)
Livestock

Food Price Spike Shows Reform Urgent

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The current spike in food prices is a repeat of the 2007-08 crisis and indicates urgent reforms are needed to a stressed global agricultural system, John Beddington, the U.K. government’s chief scientist said on Jan. 24. “In 2007-08 everyone said this was just a one-off because we have been looking at price declines for 30
Crops

2010 Ties For Warmest Year, Emissions To Blame

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Last year tied for the warmest since data started in 1880, capping a decade of record high temperatures that shows mankind’s greenhouse gas emissions are heating the planet, a U.S. agency said. Global surface temperatures in 2010 were 1.12 F (0.62 C) above the 20th century average, tying the record set in 2005, the National

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