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The State of Food Security in the World
FAO recently released its 2013 State of Food Security in the World report. This annual report looks at the number and location of people suffering from chronic hunger around the globe, and provides analysis of how different policies can be used to target different regions and populations.
Putting Food Security on the Long-Term Agenda
Global trade policies have the potential to significantly impact food security, for better or for worse. With the ninth WTO Ministerial Conference upcoming in Bali in December, some developing country leaders are pressing negotiators to keep this connection in mind and fast-track talks on proposed changes that would give developing countries greater flexibility in following the new WTO agricultural trade rules.
FAO Food Price Index Continues to Fall
The latest FAO Food Price Index, released Thursday, continued to fall in September, down 2.3 points below August and a full 11 points from the beginning of the year. This marks the fifth consecutive decrease.
The Cereals Price Index dropped 12.9 points from August and as much as 65 points from September 2012. The decline reflects a favorable supply outlook, particularly for maize and rice. The Oils/Fats Price Index remained unchanged from August. The Dairy, Meat, and Sugar Indices all rose slightly in September.
FEWS Net Monthly Price Watch Sees Declining Maize, Wheat Prices
The latest FEWS Net Monthly Price Watch was released today, reporting considerable declines in the price of wheat and maize in the past few months. Between June and August, monthly average international maize prices dropped significantly due to improved harvest prospects in the United States; current harvest prospects suggest that prices may drop even further in the coming months. Global maize stocks are also projected to rise to their highest levels in nearly a decade.
The Doha Round and Food Security
The WTO Doha Development Round trade negotiations have been at an impasse since their launch in 2001, and have gotten particularly bogged down over the difficult technical and political aspects of agricultural trade reform. Further complicating the talks is the fact that the global economic, trade, and geopolitical context has changed significantly since the Doha Round was launched.