What's New

The latest FAO Food Price Index was released on January 9, citing a slight drop from December. At 203.4 points, the Index was 4.4 percent lower than its January 2013 level.

The Cereal Price Index also dropped by 3 points in January, down a full 56 points from its January 2013 level. This decline can be attributed largely to bumper cereal crops and subsequent large export supplies, which helped reduce prices from the highs seen in 2012 and 2013.

More protection against low prices, while fixed payments ended
decade-long shift to subsidized crop insurance reinforced

By David Orden, IFPRI

After more than three years of oft-times tumultuous positioning, posturing, and negotiations, the U.S. Congress has passed a new five-year Farm Bill: the Agricultural Act of 2014. The bill, which the President will sign into law on February 7, reaffirms the government’s longstanding support to farmers through 2018.

The latest FEWS Net Monthly Price Watch was released this week, citing stable international maize, rice, and wheat prices in December. Maize prices were over 30 percent lower than their December 2012 levels; global maize stocks are expected to hit their highest levels in over a decade due to near-harvest records in the United States, high stocks in South America, and decreasing overall use estimates. World soybean and palm oil production are also expected to reach record levels in 2013-2014. Soybean prices in December were below their 2012 levels.

China's food security is being challenged by a mix of factors, including rising demand, rapid urbanization, scarce natural resources and agricultural labor, and greater risk of food safety and environmental problems. To address food security concerns, China had resolved to meet the bulk of its grain demand domestically. But this policy is now being revisited, suggesting a considerable increase in the already rising food imports. The No 1 Central Document released on Sunday reiterated the importance of improving the food security system while ensuring food safety.

Use, control, and ownership of productive assets – land, money, livestock, and education, to name just a few – are essential stepping stones on the path out of poverty. But this pathway can look very different depending on whether you are a man or a woman. Growing evidence suggests that women typically have fewer assets than men, and that they use those assets differently. What’s more, agricultural development programs may impact men’s and women’s assets in different, sometimes unexpected, ways.