What's New

IFPRI launched the Excessive Food Price Variability Early Warning System today. This new tool measures excessive food price variability and is the only mechanism currently available to identify time spans of increased price variability. It is updated daily and forewarns policymakers and humanitarian agencies of periods of time with excessive food price variability.

FEWS NET has released its monthly price watch for June 2011, citing stable and declining prices for wheat and maize in May.

Download the https://www.foodsecurityportal.org/sites/default/files/2020-10/june_201… full report and annex

Files:

june_2011.pdf
annex

The US Senate on Thursday voted to eliminate billions of dollars in federal ethanol subisidies, making it unlikely that the current 45-cent-per-gallon subsidy for refiners and 54-cent-per-gallon tariff on imported ethanol will be extended beyond the end of the year.

With food security remaining a critical issue for both developed and developing countries, the Meeting of G20 Agriculture Ministers met on June 22-23 to discuss food price volatility and improved sustainable agricultural policies. The Action Plan developed at the meeting highlights greater sustainable productivity, better market information, more open trade, comprehensive rural development and agricultural policies, and sustained investment in agricultural development.

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FAO Global Information and Early Warning System has released the latest global crop prospects and food situation report, citing 2011 cereal production forecasts revised down by 13 million tonnes from June 7. This downward revision brings world cereal production below overall utilization, leading to a further decline in world stocks.

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