Trade
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USDA Reporting Low Grain Stock-to-Use Ratios
USDA has released its latest quarterly grain stocks update and is seeing important reductions in grain stock-to-use ratios. These reductions are expected to continue impacting prices and trade; however, as they were anticipated by most major traders, they should not increase price volatility in the coming weeks.
New Paper Examines the Implications of a New US Farm Bill
While progress has stalled in the House of Representatives in recent weeks, the pending new five-year US Farm Bill will have important implications for agriculture. A new paper by Professor Carl Zulauf from the Ohio State University and IFPRI Senior Research Fellow David Orden , published by the International Center for Trade and Sustainable Development (ICTSD), looks at the competing bills coming out of the Senate and House of Representatives Agriculture Committee in light of their relationship to WTO limits on domestic support.
APEC Kazan Declaration Pledges to Strengthen Food Security
During the Second APEC Ministerial Meeting on Food Security in Kazan, Russia, APEC Ministers unanimously endorsed a comprehensive plan to address food security and development issues. The Kazan Declaration focuses on increasing agricultural productivity, facilitating trade and developing markets, enhancing food safety and quality, and improving vulnerable populations' access to safe food sources, and ensuring sustainable development.
Joint UNCTAD-OECD Report Analyzes G20 Countries' Investment Policy Measures
The seventh joint report of the UNCTAD-OECD on G20 countries' investment policies was released on May 29. This report is released every seven months and looks at recent policy measures taken by G20 countries to determine possible impacts they may have on the global investment and economic situation. The report was called for during the 2011 Cannes Summit as part of the G20 leaders' commitment to reduce protectionist policies.
Agricultural Market Information System
A major challenge to food security worldwide is a dearth of accurate, timely information. Without reliable information regarding world agricultural markets, production, and stocks, policymakers may engage in harmful policies such as export bans or panic buying, only serving to further drive up food prices and price volatility.