Thirteen additional countries need to ratify an agreement brokered by the United Nations Food and Agriculture Organization (FAO) to combat illegal fishing by blocking ports to ships known or believed to be carrying illicit catches that account for more than 15% of global output, the agency said today.
Major food commodity prices declined again in May, hitting an almost six-year low as cereal prices fell substantially amid a favorable outlook for this year's harvests. The FAO Food Price Index averaged 166.8 points in May, down 1.4% from April and as much as 20.7% from a year earlier.
In a global context of fierce competition for fishery resources which are progressively being depleted as a consequence of overfishing, overexploitation and overcapacity, illegal, unreported and unregulated (IUU) fishing has become a growing concern, points out a FAO fisheries release.
The FAO Food Price Index continued to decline in March, dropping 1.5 percent from February and 18.7 percent (40 points) below its level a year earlier.
The FAO Food Price Index averaged 179. 4 points in February 2015, down 1.8 points (1.0 percent) from its January value and 29 points (14.0 percent) below its level in February 2014. Prices of cereals, meat and, especially, sugar, dipped last month, while they remained steady in the case of oils and rebounded sharply in the case of dairy products. The index has been on a declining path since April 2014 and has now reached its lowest value since July 2010.
Latest indications confirm that world cereal production will reach an all-time record of more than 2.5 billion tonnes in 2014. Buoyed by bumper crops in Europe and a record maize output in the United States this year's cereal output should reach 2.532 billion tonnes, including rice in milled terms, or 0.3% higher than 2013, according to FAO's latest Crop Prospects and Food Situation Report.
Pope Francis condemned speculation in food commodities and greed for profits today, saying they were undermining the global fight against poverty and hunger. Addressing a United Nations conference on nutrition, he called on rich nations to share their wealth and denounced waste, excessive consumption and unequal distribution of food.
Food markets are more stable and prices for most agricultural commodities are sharply lower than they have been in recent years, according to the latest edition of FAO's biannual Food Outlook report and a new update to the Organization's monthly Food Price Index.
FAO's Food Price Index is a trade-weighted index that measures prices of five major food commodities on international markets: in addition to sub-indices for prices of cereals, it also tracks meat, dairy products, vegetable oils, and sugar.
In Latin America and the Caribbean more food is lost and wasted than is needed to meet the nutritional needs of the 47 million people who still suffer from hunger in the region, according to FAO. The report Losses and waste of food in Latin America and the Caribbean of the FAO Regional Office says that 6% of global food losses occur in the region.