The UN food agency lowered its forecast for global cereal production in 2021 marginally to 2 817 million tonnes, according to the latest Cereal Supply and Demand Brief released by the Food and Agriculture Organization (FAO). However, the figure remains 1.7 percent, or 47.8 million tonnes, higher than in 2020, which would mark a new record […]
Global food commodity prices fell in June for the first time in 12 months, according to a benchmark United Nations report. The FAO Food Price Index averaged 124.6 points in June 2021, down 2.5 percent from May, but still 33.9 percent higher than its level in the same period last year. The decline in June marked the […]
The world food import bill in 2021 is provisionally forecast to rise to $1.72 trillion, a 12 percent increase from its previous high of$1.53 trillion in 2020, the Food and Agriculture Organization (FAO) has said, global food prices have risen for the past 12 months to reach the highest in a decade in May. The […]
A tight market situation is seen for oilseeds and oilseed products in 2020/21, with resumed production growth foreseen insufficient to meet world demand, the FAO said in its latest Food Outlook. In 2020/21, global oilcrop production is expected to recover from the previous season’s reduced level, with an area-driven rebound in soybean and rapeseed production […]
Global food prices rose in May at their fastest monthly rate in more than a decade, even as world cereal production is on course to reach a new record high, the Food and Agriculture Organization of the United Nations (FAO) reported on Thursday.. The FAO Food Price Index averaged 127.1 points in May, 4.8 percent higher than […]
The Director-General of the Food and Agriculture Organization of the United Nations (FAO), QU Dongyu, on Thursday warned that the Sustainable Development Goals (SDGs) – also known as the 2030 Agenda – would not be achieved without large-scale restoration of degraded terrestrial, freshwater and marine ecosystems. Qu was speaking at a joint “townhall meeting” […]
Did you know that most of the world uses the same two words for tea? One variation is the one used in English (tea), French (thé), Spanish (té) and Dutch (thee). The other is a variation of chá (in Mandarin and Cantonese), such as chai in Hindi, shay in Arabic and chay in Russian. There’s […]
India exported a record 19.8 million tonnes of rice and wheat in FY21 on the back of attractive overseas prices of the commodities and massive surplus production at home, despite the pandemic and lockdowns last year. Rice exports almost doubled to an all-time high of 17.7 million tonnes last fiscal, against 9.5 million tonnes a […]
Global cereal production in 2020 is forecast at 2 767 million tonnes, a 2.1 percent increase from the previous year, the UN food organisation (FAO) said on Thursday in its latest monthly report, adding that it was pegging world cereal utilization for 2020/21 at 2 783 million tonnes, an increase of 2.7 percent, led by […]
International food commodity prices rose for the 11th consecutive month in April, with sugar leading the increase and cereals resuming their upward trend, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday. The FAO Food Price Index averaged 120.9 points in April, 1.7 percent higher than March and 30.8 percent higher than its level […]
