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Food Outlook: Biannual Report on Global Food Markets
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.
Evaluating Nairobi: Impacts on Trade, Food Security, and Development
In December 2015, the World Trade Organization reached an agreement on the Nairobi Package , the latest set of rules governing global trade. The agreement represents some progress on several major agricultural and food issues that have held up previous negotiations, including export subsidies , food aid, public stockholding for food security purposes, special safeguard measures for Least Developed Countries (LDCs), and the global cotton trade.
Global Nutrition Report: From Promise to Impact: Ending Malnutrition by 2030
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.
Significant Volatility in Soybeans But Supply and Stocks Still Good
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. returns that exceeds the 95% conditional quantile predicted by our NEXQ model . The days in which we observe excessive volatility are identified in the graph below.
Soybean Excessive Food Price Variability
Sendai Framework Lays Out Plan to Enhance Global Disaster Management
On March 18, 2015, the Third UN World Conference adopted The Sendai Framework for Disaster Risk Reduction 2015-2030 . The framework is a 15-year, voluntary, non-binding agreement that aims to substantially reduce loss of lives, livelihoods, health outcomes, and physical, economic, environmental, social, and cultural assets stemming from disasters, both natural and man-made.
The framework builds on the Hyogo Framework for Action (HFA) 2005-2015: Building the Resilience of Nations and Communities to Disasters and sets forth seven global targets: