What's New
Featured blog
Latest USDA ERS Report Sees Increased Global Supplies
US wheat supplies are expected to increase by the end of 2013, in part because of weakened export demand, according to the latest Wheat Outlook from the USDA Economic Research Service. Global wheat production is also forecast to increase by 3.7 tons due to increases in China, Australia, and Canada. World ending stocks are predicted to be 2.8 million tons higher than previously estimated.
GIEWS Food Price Monitor Released
International export prices of wheat and maize remained stable but high in November , according to the latest GIEWS Global Food Price Monitor. International rice prices were somewhat mixed but generally lower than November 2011.
Modernization of Staple Food Value Chains Ensuring a Food-Secure Asia
Asia is home to more than two-thirds of the world's poor and hungry. And as populations around the world continue to grow, the region's most vulnerable people will be faced with even greater challenges in the coming decades. Climate change and unsustainable resource use are likely to impede agricultural productivity, exacerbating already high and volatile food prices and presenting significant barriers to poor populations' access to affordable food supplies. But the news is not all bad.
FAO Food Price Index Hits Lowest Point Since June
The latest FAO Food Price Index was released today and is down three points from October's Index. This is the lowest point since June 2012. With the exception of dairy, all commodities covered by the Index fell in November.
The Cereals Price Index is down four points from October, but is still 27 points higher than it was in November 2011. Weakening global rice and wheat prices drove the fall and compensated for higher maize prices.
AMIS Market Monitor Sees Stabilizing Markets
The Agricultural Market Information System (AMIS) has released the latest edition of its monthly Market Monitor. This month's report sees stabilized world markets as forecasts for 2012-2013 crop outlooks become more finalized. Despite this stabilization, however, attention should be paid to ongoing weather concerns, particularly drought affecting US winter wheat.
Wheat production in 2012 fell below the record seen in 2011, and ending stocks are expected to decline significantly. Wheat use, on the other hand, is expected to drop based on lower feed use in China and the EU.