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FEWS Net Monthly Price Watch Sees Declining Maize, Wheat Prices
The latest FEWS Net Monthly Price Watch was released today, reporting considerable declines in the price of wheat and maize in the past few months. Between June and August, monthly average international maize prices dropped significantly due to improved harvest prospects in the United States; current harvest prospects suggest that prices may drop even further in the coming months. Global maize stocks are also projected to rise to their highest levels in nearly a decade.
The Doha Round and Food Security
The WTO Doha Development Round trade negotiations have been at an impasse since their launch in 2001, and have gotten particularly bogged down over the difficult technical and political aspects of agricultural trade reform. Further complicating the talks is the fact that the global economic, trade, and geopolitical context has changed significantly since the Doha Round was launched.
WASDE Report Released
The latest USDA World Agricultural Supply and Demand Estimate (WASDE) report was released today. The 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. This month's report cites higher global wheat supplies and record wheat production for 2013-2014.
Reducing Micronutrient Deficiency with Biofortification
Micronutrient malnutrition is caused by a lack of vitamins and minerals in the diet. Poor people are particularly vulnerable to micronutrient malnutrition, as their diets consist mainly of grains and don’t include many vital fruits, vegetables or animal products.
Global Food Prices Continue to Fall in August
The latest FAO Food Price Index, released last week, fell nearly four points from July and nearly 11 points from August 2012. This was the fourth consecutive month in which global food prices dropped.
The Cereals Price Index declined by 16.4 points from July, and fell a whopping 49.4 points from August of last year. Strong growth in global cereal production, along with a significant recovery of global maize supplies, is behind this substantial drop. The Oils/Fats Price Index also fell by 5.7 points from July, the third consecutive drop.