What's New

The June edition of the FAO Monthly News Report on Grains was released today. The report covers ongoing global and regional trends in grain prices and policies. This month's edition covers global grain stocks at a 15 year high, the potential impact of changing weather patterns on wheat production, and Brazil's proposed tariff-free wheat import quota.

The 23rd Ordinary Session of the Assembly of the African Union Heads of State and Government kicked off this week in Malabo, Equatorial Guinea. The Summit's theme of "Transforming Africa’s Agriculture for Shared Prosperity and Improved Livelihoods through Harnessing Opportunities for Inclusive Growth and Sustainable Development” is particularly relevant this year, as 2014 also marks the 10-year anniversary of the adoption of the Comprehensive Africa Agriculture Development Programme (CAADP) and the African Union's Year of Agriculture and Food and Nutrition Security.

The FAO Food Price Index for May was released yesterday and is down 2.5 points from April, and nearly 7 points from May 2013. This is the second decline in a row, following the ten-month high reached in March. The decline is driven mostly by lower dairy, cereals, and vegetable oils prices.

This week is the World Bank’s annual conference on development economics. One of the papers being presented is by my colleague Kate Orkin (together with co-authors Tanguy Bernard, Stefan Dercon and Alemayehu Taffesse) and takes a look at a video intervention and its impact on aspirations among poor folks in Ethiopia. In particular, what Kate and her co-authors are asking is: can we shift aspirations and behavior by showing people more of what is possible?

The May edition of the FAO Monthly News Report on Grains was released last week. The report covers ongoing global and regional trends in grain prices and policies. This month's edition covers above-average US wheat sales, increased wheat production expectations in India, and the impact that El Nino could have on crops.

The FAO Monthly News Report on Grains series provides a collection of news articles from international media and news sources on issues relating to the international grain economy. These reports also include statistics and upcoming events.