FAO forecasts 2020 world wheat output at around 763 million tonnes

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FAO’s forecast for 2020 world wheat production points to an output of roughly 762.6 million tonnes, a comparable level to the 2019 production which, if materialized, would be the second highest on record. The UN food agency said smaller harvests are expected in the European Union, North Africa, Ukraine and the United States of America. These declines will […]

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Global food commodity prices drop further in April due to coronavirus, says FAO

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World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities, the UN food agency said in its latest monthly report. The FAO Food Price Index, which tracks international prices of the most commonly-traded food commodities, […]

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Near-record global wheat production expected in 2020; ample supplies to battle COVID-19 turmoil – FAO

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The UN food agency said its forecast for 2020 world wheat production remains unchanged from the previous month, at the near record level of last year, which, coupled with ample inventories, will help shield food markets from turmoil during the coronavirus storm. In this month’s Cereal Supply and Demand Brief, the Food and Agriculture Organization (FAO) […]

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Weakening demand, falling oil prices on COVID-19 drive down global food prices in March – FAO

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World food prices declined sharply in March, driven mostly by demand-side contractions linked to the effects of the COVID-19 pandemic and the drop in global oil prices due mostly to expectations of economic slowdown as governments roll out restrictions designed to respond to the health crisis, the UN food agency said in its latest monthly report. The FAO […]

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Global food shortages possible due to Coronavirus hit on supply chains, says FAO

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The COVID-19 pandemic has put the world on a crisis footing, with unprecedented actions to restrict movements and plans for radical deployment of public funds to combat the threat posed by a novel coronavirus that knows no boundaries. Success will entail coherent and robust plans for our food systems. FAO Chief Economist Maximo Torero Cullen […]

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Agricultural goods can fetch India can earn additional $97 billion in exports: FAO

Select agri and agri-based commodities like meat, milk and fruits, among others, present export opportunity worth over $ 97 billion (about Rs 6.9 lakh crore) for India, as per data released by the Food & Agriculture Organisation (FAO). India’s export share in agri items such as bananas, oranges, chicken, meat, and milk products like cheese […]

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