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Agriculture & Softs Reports

IGC Report, September 2012


London, 28 September 2012

International Grains Council: The IGC Grains and Oilseeds Index (GOI) is down by almost 9% from the high it revisited on 4 September. However, it remains up 17% y/y reflecting the generally tight market conditions. Maize and soyabean markets have retreated amid seasonally rising supplies and suggestions of better than previously expected soyabean yields. Wheat has bucked the trend, with the GOI sub-Index almost unchanged m/m as continued concerns about export availability from the Black Sea region and overly dry growing conditions in Australia have provided support.

Read more: IGC Report, September 2012

Agflation to drive food prices 15%: Rabobank Report

London, 21 September 2012

Rabobank has published a new report looking at the impact of the drought on the food and agriculture industry, and its ultimate implications for rising food prices. In the report, Rabobank's Food & Agribusiness Research and Advisory group says that skyrocketing agricultural commodity prices are causing the world to re-enter a period of "agflation" with food prices forecast to reach record highs in 2013, and continuing to rise well into Q3 2013.  Unlike the staple grain shortage in 2008, this year's scarcity will affect feed intensive crops with serious repercussions for the animal protein and dairy industries.

Read more: Agflation to drive food prices 15%: Rabobank Report

Food Prices: UN appeals for swift, coordinated action

Rome, 4 September 2012

UN Agencies Statement: The current situation in world food markets, characterized by sharp increases in maize, wheat and soybean prices, has raised fears of a repeat of the 2007-2008 world food crisis. But swift, coordinated international action can stop that from happening. We need to act urgently to make sure that these price shocks do not turn into a catastrophe hurting tens of millions over the coming months.

Read more: Food Prices: UN appeals for swift, coordinated action

Revised ICCO forecasts for the 2011/2012 cocoa year

London, 28 August 2012

The International Cocoa Organization today releases its revised forecasts for the current 2011/2012 cocoa year and revised estimates for 2010/2011 of world production, grindings and stocks of cocoa beans, summarized below.  The data published in Issue No. 3 - Volume XXXVIII - Cocoa year 2011/2012 of the Quarterly Bulletin of Cocoa Statistics, reflect the most recent information available to the Secretariat as at the beginning of August 2012.

Read more: Revised ICCO forecasts for the 2011/2012 cocoa year

Managing water resources and safeguarding food security

Rome, 27 August 2012 - Commodities Now

New FAO framework launched: Drought in some parts of the world has hurt global grain production and contributed to food price spikes virtually every other year since 2007, highlighting the need to transform the way water is used - and wasted - throughout the entire food chain. This is one of the key messages that FAO is transmitting this week at World Water Week in Stockholm, Sweden. The annual event brings policy makers and experts from around the globe together to discuss pressing issues related to water and its management.

Read more: Managing water resources and safeguarding food security

Diets must become sustainable say FAO and Bioversity

Rome, 8 August 2012

Immediate action to promote sustainable diets and food biodiversity so as to improve the health of humans and of the planet is urged in a book just published by FAO and Bioversity International

“Regardless of the many successes of agriculture in the last three decades, it is clear that food systems, and diets, are not sustainable,” says Barbara Burlingame, Principal Officer of FAO’s Nutrition and Consumer Protection Division, in a preface to the book, Sustainable Diets and Biodiversity.

Read more: Diets must become sustainable say FAO and Bioversity

The Facts Behind Food Prices

New York, 2 August 2012

One of the worst U.S. droughts in 50 years is striking the Midwest, withering crops and sending corn and soybean prices to all-time record highs, and the extreme weather could last through harvest. According to the USDA, consumers can expect to pay up to 4 percent more for groceries next year as a result. Clearly weather is impactful, however it’s only one of the factors that affect the price of our food.

Read more: The Facts Behind Food Prices

Sugar Review: Better Cane but short term pain


London, 16 July 2012

The Czarnikow Sugar Review: Brazil’s cane sugar crop has been underway for two months. However, the crush is around 50 million tonnes of cane behind last year, following wet weather and planned delays to the crushing season. Brazil is now the key market dynamic. Sugar prices have rebounded as weather has re-emerged as a potential risk.

Read more: Sugar Review: Better Cane but short term pain

Six reasons not to panic about US grain prices

London, 13 July 2012

Fears of the “worst drought in the US in 25 years” have led to a spike in US grain prices and understandably added to concerns about another global food inflation shock. However, there are at least six reasons why these concerns are overdone. To recap,  this week the US Department of Agriculture (USDA) published its monthly “World Agriculture Supply and Demand Estimates”. These have generated plenty of headlines. In particular, the USDA cut its projection for the US autumn corn harvest to 12.9 billion bushels, from 14.8 billion bushels last month, citing the impact of “persistent and extreme” dryness and heat in key US producing states over the past six weeks. The forecast for the soybean harvest has been trimmed from 3.20 billion to 3.05 billion bushels, and for wheat from 2.23 billion to 2.22 billion bushels.

Read more: Six reasons not to panic about US grain prices

State of World Fisheries and Aquaculture report

Rome, 9 July 2012

Sustainable fisheries and aquaculture play a crucial role in food and nutrition security and in providing for the livelihoods of millions of people. FAO's latest flagship publication on the state of fisheries and aquaculture, launched at the opening of the 30th session of the FAO Committee on Fisheries, highlights the sector's vital contribution to the world's well-being and prosperity, a point reflected in the recent Rio+20 Outcome Document.

Read more: State of World Fisheries and Aquaculture report