What's New

GIEWS has released the latest Global Food Price Monitor, citing a slight rise in the FAO Food Price Index for June. The increase is based in large part on strong increases in global sugar prices, which are up 14 percent from May. At 234 points, June's Food Price Index remains 4 percent lower than the all-time high hit in February 2011.

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.

Download the full report.