GFM Network News

FAO Warns On Oil As World Food Prices Hit Record High

Reading Time: 2 minutes Global food prices hit a record high in February, the United Nations said March 3, warning that fresh oil price spikes and stockpiling by importers keen to head off popular unrest would hit already volatile cereal markets. Rising food prices are a growing global concern, partly fuelling the protests which toppled the rulers of Tunisia […] Read more

Global Grains Tight Despite Improved 2010 Crops: FAO

Reading Time: 2 minutes Global grain supplies remain tight this and next crop season despite better-than-expected world cereals output because demand has also risen, the United Nations’ Food and Agriculture Organization said Dec. 22. The FAO raised its projection of world wheat output to 653 million tonnes this year from a previous estimate of 648 million tonnes after better-than-expected […] Read more

FAO Sees Less Wheat, More Coarse Grains

Reading Time: 2 minutes World wheat output could fall by five per cent in 2010 after two bumper crop years, but coarse grain output may rise, the United Nations’ food agency said. Wheat-planted areas in the United States dropped to the lowest level in almost a century because of bad weather and falling prices, the UN Food and Agriculture […] Read more

World Meat Demand Growing

Reading Time: 2 minutes ROME/REUTERS Global demand for livestock products is set for strong growth from now to 2050 as population increases and substantial investments in the sector are needed to boost output, the United Nations’ food agency said. The livestock sector, which contributes 40 per cent of the global value of farming output and has been rapidly growing, […] Read more

Food Price Volatility Now Permanent

Reading Time: 2 minutes Volatility in food and agricultural commodities prices has become a permanent feature of global markets due to speculative trading, leaders of businesses in the sector said Nov. 13. Food prices spiked in 2008 due to a rally in agricultural commodities, triggering riots in poor countries and panic buying in rich nations. Prices have fallen back […] Read more