Asia is a region characterized by unique agricultural and economic opportunities and challenges. In recent years, many Asian countries have made great strides in transforming their agricultural systems and reducing their numbers of poor and malnourished. Despite this progress, however, the region remains home to most of the world's poor and hungry, and faces additional challenges in the form of environmental degradation and climate change.
The USDA released last week its April edition of the World Agricultural Supply and Demand Estimates (WASDE). The WASDE report provides monthly comprehensive forecasts of supply and demand for major U.S. and global crops, supplied by the USDA. Crops covered include wheat, coarse grains, rice, and oilseeds. This report can explain past and current global commodities trends, as well as predict trends for the coming year. This month's report sees higher global wheat stocks for 2012/13, but tight stock-to-use ratios for both corn and soybeans.
One of the most populous countries in the developing world, Bangladesh has made impressive strides in recent years in both food self-sufficiency and poverty reduction. Since 1990, Bangladesh's Global Hunger Index score has fallen from 37.9 to 24.0, meaning a fall from extremely alarming levels of hunger. And from 2000 - 2010, the incidence of poverty in the country declined from 49 percent to 32 percent. Still, much remains to be done to ensure that the country continues its upward climb.
The FAO Food Price Index rose slightly in March based on higher dairy prices. The Index rose by 1 percent from February, but is still 1.7 percent lower than March of 2012 and nearly 11 percent below its peak in February 2011.
Ethiopia faces many challenges, but the country is quickly shedding its label as one of the world’s poorest countries, finding itself today among the world’s 10 fastest growing economies. The question now at hand is how to sustain this historic growth, and emerge as a middle-income country by 2025. The Ethiopian government is turning to its leading—but one of its most underperforming— industries for the answer: agriculture.