The global food import bill is on course to hit a new record of US$1.8 trillion this year, but higher prices and transport costs rather than volumes account for the bulk of the expected increase, according to a new report released by the Food and Agriculture Organization of the United Nations (FAO). “Worryingly, many vulnerable countries are […]
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 […]
Islamic nations, increasingly worried over their food security as imports rise, are planning to take concrete steps to increase investment in agriculture and develop local and regional markets. Members of the Islamic Organization for Food Security (IOFS), an offshoot of the Organization of Islamic Nations (OIC), who met in the Kazakhstan capital of Astana recently, […]
