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

Rising Food Prices Bring Political Risks

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


African Agriculture Coming Of Age

Agrowing African food sector can yield private sector returns on the back of government support, said a report on Oct. 26, which also said that a global grain reserve may be needed to protect consumers from price spikes. Local initiatives aiming for an African equivalent of the Green Revolution, which swept developing countries in the

World Bank Urges Transparency In Foreign Farmland Deals – for Sep. 16, 2010

The World Bank is urging greater transparency in land investment transactions to protect local land owners as the volume of foreign farmland investment in poor countries swells. Foreigners investing in agricultural land in developing countries should be open in their transactions and recognize the rights of existing owners to avoid weak governance, the World Bank


Brazil Farmers Shown How To Profit By Conserving

Talk of ecological diversity or saving rare species does not fly very far in Mato Grosso. The state is Brazil’s top soy producer, churning out an annual harvest of about 18 million tonnes. Fields of emerald green line the highways, stretching out to horizons so flat they look drawn with a ruler. The crops have

Farming Reform Needed To End Hunger Without Obesity

Agriculture needs revolutionary change to confront threats such as global warming and end hunger in developing nations without adding to the ranks of the obese, an international study shows. The report says South Asia and Africa were “battlegrounds for poverty reduction” as the world population rose to a peak in 2050. Prospects for quick advances


Market Access Oversold

The benefits of free trade and unfettered access to world agricultural markets are being oversold to farmers, according to Daryll E. Ray, an agricultural economist at the University of Tennessee. Economic principles such as supply and demand and comparative advantage don’t work the same with food as other commodities. Food, like insulin to a diabetic,

Foreigners Buying African Farms A Good Thing

The outsourcing of food production in Africa by some Asian and Middle-Eastern countries will boost global stocks and may help stave off future food crises, the World Bank says. In the aftermath of last year’s food crisis, capital-rich nations who lack sufficient arable land to feed growing populations started buying or leasing large portions of


Excess Liquidity Driving Up Food Prices

Excess liquidity in global markets is driving up prices of farm commodities, which could be potentially dangerous in the near term, World Bank president Robert Zoellick said Dec. 11. With global interest rates at historic lows, investors are piling into different markets and asset classes in search of higher returns, raising concerns about possible asset

World Bank To Start Agriculture Fund With $1.5 Billion

The World Bank will start a trust fund to boost agriculture in poor countries with an initial $1.5 billion, its president Robert Zoellick said Nov. 24, warning of the risk of another food price crisis. Crop shortages in India and the Philippines combined with increased speculation in commodity markets by investment funds have increased the