The June FAO Monthly Report on Food Price Trends saw mixed trends for international wheat prices in May, but prices generally remained lower than May 2015. The benchmark US wheat price averaged USD 193 per tonne in May; this was down four percent from April and 17 percent below its May 2015 level. The report cites that this drop in price is due mainly to improved global 2016-2017 production prospects.
The FAO’s biannual report on global food markets was released this month. The report provides an overview of global trends for several main agricultural products, including wheat, coarse grains, rice, oilcrops, meat, and milk and fishery products, as well as a special feature on pulses. The report also provides a country-level review of major policy developments for grains, rice, oilcrops, meat, and dairy.
In December 2015, the World Trade Organization reached an agreement on the Nairobi Package, the latest set of rules governing global trade.
The 2016 Global Nutrition Report (GNR), released today in Washington DC, provides an independent and annual review of the state of the world’s nutrition. The report, now in its third year, focuses on the progress made toward recent nutrition-related global commitments and identifies opportunities for action to end malnutrition in all its forms by 2030.
Soybean futures prices have seen a lot of movement in recent weeks, beginning in April when they twice saw record daily trading in combined futures and options volume on the Chicago market. Our early warning excessive food price volatility system has immediately reflected this trend, identifying extreme positive returns, i.e.