FAO: Drop in Food Prices

Rome – Food markets are more stable and prices for most agricultural commodities are sharply lower than they have been in recent years. World wheat production in 2014 is forecast to reach a new record, it says.

For coarse grains, prospects for near-record production levels, combined with already-high inventories point to a very comfortable world supply and demand balance in 2014/15, especially for maize.

While rice outputs could decline slightly this year, stockpiles remain “huge” and are sufficient to cover over one-third of projected consumption during the 2015-16 period.

All told, world cereal production in 2014 is anticipated to reach 2 523 million tones (2.5 billion tones) — an upward revision of 65 million tones from FAO’s initial forecast in May. World cereal stocks should hit their highest level in 15 years by the end of the cropping season in 2015.

Global output of oilseeds is also forecast to exceed last season’s record due to further expansion of soybean production.

Meanwhile, world production of cassava looks to be on track to achieving another record high, driven by sustained growth in Africa, where the tuber is a strategic crop for food security and poverty alleviation.

Today’s Food Outlook anticipates that world sugar production will increase in 2015-16, as well.
Meat production is set to grow moderately in 2014, but not enough to ease prices from their current high levels, while milk production continues to grow steadily in many countries.
Production of fish is also on the rise, driven largely by aquaculture and less-than-expected El Niño impacts.

Sh. al -Khatib

You might also like
Latest news
Syria Receives Two Gold and Two Silver Medals at The Arab Kickboxing Tournament in Egypt   Terrorist Ben-Gvir Storms Ibrahimi Mosque in Hebron “China's Views-The Syrian War and Europe” a Book by Chinese Researchers Translated by Safwan Bahloul Yemeni Forces Target an Israeli Enemy Base South of Occupied Palestine with a Ballistic Missile UN Calls for Accountability of Those Responsible for Targeting Humanitarian Workers in Gaza and Leba... Russia Strongly Condemns Israel's Aggression Against Palmyra... It is a Flagrant Violation of Syrian... 25 Martyrs and Dozens Wounded in the Occupation Bombing of Various Areas of the Gaza Strip Three European Countries Announce their Readiness to Arrest Netanyahu and Gallant if They are on The... Organization of Islamic Cooperation: Issuing Arrest Warrants Against Netanyahu and Gallant Contribut... The Feature Film (Temporary Darkness) Participates in The Hague Film Festival in the Netherlands Syrian Doctor Receives Best Clinical Presentation at Diabetic Foot Conference in Los Angeles Iravani: Israel's Repeated Attacks on Syrian Territory Have Reached an Unprecedented Level of Crimin... The State of Palestine Welcomes The Issuance of Two Arrest Warrants Against Netanyahu and Gallant The First ALECSO Early Childhood Forum Concluded its Events in Tunisia Al-Dahhak: Security Council's failure to fulfill its responsibilities encourages Israeli occupation ... ICC issues arrest warrants for Netanyahu, Gallant over war crimes Two Syrian films participate in the first session of the Fayoum Film Festival in Cairo   Gaza Media Office: The Israeli occupation committed four brutal massacres after the Security Council... 22 martyrs as a result of Israeli air raids on a number of Lebanese regions With Syria’s participation, Arab aviation institutions discuss enhancing cooperation and exchanging ...