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USDA Releases Latest World Agricultural Supply and Demand Estimates
The World Agricultural Supply and Demand Estimates (WASDE) report provides monthly comprehensive forecasts of supply and demand for major U.S. and global crops, supplied by the USDA. Crops covered include wheat, coarse grains, rice, and oilseeds. This report can explain past and current global commodities trends, as well as predict trends for the coming year.
Download the full June report. For more information regarding the WASDE reports, visit http://www.usda.gov/oce/commodity/wasde/
Risk Management
Risk characterizes everyday life for many of the world’s poorest households. These households are more likely to be located in environments where livelihoods are highly susceptible to weather and price variability and where health risks are pervasive. Reducing the risks faced by poor households, and enabling poor households to better deal with adverse events when they do occur, is essential to improving their welfare in the short run and their opportunities for income growth in the long run.
Interagency Report to the G20 on Food Price Volatility Released
G20 leaders at their summit meeting in November 2010 requested FAO, IFAD, IMF, OECD, UNCTAD, WFP, the World Bank, and the WTO to work with key stakeholders “to develop options for G20 consideration on how to better mitigate and manage the risks associated with the price volatility of food and other agriculture commodities, without distorting market behaviour, ultimately to protect the most vulnerable.”
GIEWS Releases Latest Global Food Price Monitor
The FAO Global Information and Early Warning System has released the latest Global Food Price Monitor. According to the report, the FAO Food Price Index remained virtually unchanged in May, with international wheat prices remaining high. International rice and corn prices were slightly lower in May than in April.
Download the full report.
WTO Disciplines on Agricultural Support
When the World Trade Organization (WTO) was created in 1995, its members committed themselves to a set of disciplines for domestic support, market access, and export competition for agriculture. The Agreement on Agriculture paved the way for the pursuit of progressive reductions in world agricultural market distortions.