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World Food Prices Continue Climb to New Record: FAO Releases Food Price Index For January
The FAO has released its Food Price Index for January, 2011. This report provides a measure of the monthly change in international prices for major food commodities. The January Price Index rose for the seventh consecutive month, showing a marked increase in the global price of all major commodities. Such an increase makes this month's Price Index the highest (in both real and nominal terms) since the index was first backtracked in 1990.
FEWS NET Releases Latest Monthly Price Data
The Famine Early Warning Systems Network (FEWS NET), funded by USAID, has released its latest monthly price watch detailing staple food prices for January 2011. These reports provide food security updates for 25 countries vulnerable to food insecurity, focusing on impacts on livelihoods and markets. These updates can help policymakers recognize and mitigate potential threats to food security.
Download the latest reports below. For more information regarding FEWS NET, please visit www.fews.net .
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Export Policies
Agricultural trade plays an important role in the establishment of a fair, well-functioning global economy. At the same time, agricultural trade can also have a detrimental effect on global price stability and food security if policies are enacted that protect one region at the expense of another. Protectionist policies such as export bans or restrictions can actually increase global price volatility and lead to further food insecurity, particularly for developing nations.
FEWS NET Releases Latest Food Assistance Outlook
The Famine Early Warning Systems Network (FEWS Net), funded by USAID, has released its latest Food Assistance Outlook Brief. This report provides forward-looking analysis of projected external emergency food assistance needs in 20 developing countries for the next six months. Overall needs at a national level are compared to typical needs at this time of year during the last five years.
Dowload the latest Food Assistance Outlook Brief below. For more information regarding FEWS NET, please visit www.fews.net .
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Another Food Crisis? Not If We Think This Through.
With all the news of floods in Australia decimating the country’s wheat crop and adverse weather in the US cutting corn and soybean harvests, commodities prices across the globe are again seeing drastic increases, raising fears that we may be witnessing a return of widespread food insecurity and subsequent political and economic turmoil. Moreover, the FAO’s recent statement that global food prices reached a record high in December 2010 has sparked the memory of the crisis in 2007–08 and turned global attention back to the issue of food security.