The United Nations FAO has raised its forecast for global cereal production in 2018 to 2.601 million tons, primarily due to higher estimates for wheat production in Canada and China. Nonetheless, the new forecast remains 2.1 percent below the record level achieved in 2017.
International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, the United Nations said. The FAO Food Price Index, a measure of the monthly change in international prices of a basket of food commodities, averaged 163.5 points in October, down 0.9 percent from September and 7.4 percent below its level a year earlier.
Global agricultural food commodity prices fell in September due to growing inventories of key staples. The FAO Food Price Index declined 1.4% from August and is now 7.4% below its level during September 2017.
The European Union (EU) and the United Nations Food and Agriculture Organization (FAO) reaffirmed today at an event held in Rome their commitment to jointly address the challenges they share at the global level, such as stopping the increase in hunger, promote prosperity and peace, and build a more sustainable future for all.
Venezuelan President Nicolas Maduro dined on expensive steak at a “Salt Bae” restaurant in Istanbul during a stop-off returning from a visit to China, drawing furor back home where millions struggle to get enough to eat and red meat is a rare luxury.
Output at Brazil's mines and factories slowed in August, falling a seasonally adjusted 0.2% from July as production in the country's industrial sector suffered the impact of cheap imports and the sluggish global economy.
Roughly one third of the food produced in the world for human consumption every year — approximately 1.3 billion tons — gets lost or wasted, according to an FAO-commissioned study.