What's New

The issue of large-scale public food stockholding programs played a starring role in this month's 9th WTO Ministerial in Bali (for more analysis, read posts by Eugenio Diaz-Bonilla and David Laborde and Luca Salvatici). The resulting ministerial declaration, released on December 7, establishes an interim mechanism that Members can use to navigate the use and management of public food stocks in lieu of a more permanent solution. The declaration calls for a permanent solution to be concluded no later than the 11th Ministerial Conference.

The “food vs. fuel” debate came no closer to a resolution last week, as Energy ministers from the European Union’s 28 member states failed to agree on a compromise limiting the use of transport fuels made from food crops such as rapeseed and wheat, so-called first generation biofuels.

If you learned that a $1 investment in your child’s nutritional intake during infancy would ultimately net an $18 return, would you make the investment? Yes, if you had the means, it’s likely you would. It’s a win-win: healthier child, healthier bank account.

This post is the first in a series of expert opinion pieces on the conclusion of the Bali package.
By David Laborde and Luca Salvatici

The latest FAO Food Price Index was released yesterday, remaining virtually unchanged from October at 206.3 points. The Index is 4.4 percent below its November 2012 level.

The Cereals Index dropped two points in November, and is a full 24 percent lower than it was in November 2012. This year's record cereals crop is the main driver of this reduction in cereals prices, particularly for wheat, maize, and rice.