What's New

Global crop prices continued their fall in November according to the FAO Food Price Index and the AMIS Market Monitor , both released this week. Overall favorable production levels and high inventories, combined with a strong US dollar, have contributed to weakening prices. Meat prices saw the most dramatic fall last month, down 23 percent. Cereals and oils each dropped by 16 percent, while dairy dropped by 15 percent. After experiencing a brief spike in October, vegetable oils declined by 3.1 percent.

The FAO Monthly News Report on Grains (MNR) provides a collection of news articles on issues or factors considered critical in shaping the regional/global grains economy, as well as links to reports, statistics, and upcoming events. The latest MNR highlights how low grain prices and high stockpiles are catalyzing changes in subsidy and export policies and influencing crop choices among farmers for the 2016 growing season and beyond. Currency fluctuations are also predicted to have major impacts in agricultural markets in the coming year.

BY: Joseph Glauber, IFPRI

On November 9, IFPRI co-hosted a conference with the International Centre for Trade and Sustainable Development and FAO in Geneva on agricultural trade outcomes at the upcoming Nairobi Ministerial. The conference brought together current and former trade officials and experts from around the world to talk about the importance of trade for food security and rural development.

In the face of price spikes, climate change, and other stressors from the national to the global scale, the promotion of resilience has gained traction in the development community as a means of insuring that populations vulnerable to food and nutrition insecurity are equipped with the tools to survive and even thrive in our unpredictable world.

The FAO Food Price Index averaged nearly 162 points in October, up 3.9 percent from the previous month. This was the sharpest increase since July 2012, but the index is still down 16 percent from this time last year.