Articles Tagged with ''FAO''

As ships filled with Ukrainian grain leave Odesa ports for the first time in five months, the Ukrainian ag sector is cautiously optimistic that trade will save farmers, and the United Nations is hoping to see food prices drop for the neediest countries.

Higher prices for animal fats and vegetable oils are helping drive what is expected to be a record global food import bill this year, forcing consumers to spend more and get less to eat, the UN’s Food and Agriculture Organization said Thursday.

A measure of global food commodity prices fell slightly for the second month in a row in May, despite the continued surge in wheat markets as the war in Ukraine dragged on.

The war in Ukraine has laid bare the fact that agriculture is the key to national security. It’s a lesson that world leaders are taking to heart as they scramble to lessen global reliance on key sources of food and fertilizer, but it’s unclear if it will be too late to stop the slide from food crises to famine in some of the poorest and least developed countries.

Ag ministers for the Group of Seven nations this weekend pledged action to counter the rising cost and scarcity of fertilizer, said U.S. Agriculture Secretary Tom Vilsack, who was at the meeting in Germany.

Amid growing concerns about the impact of the war in Ukraine, the G7 ag ministers have joined the UN Food and Agriculture Organization in urging countries not to protect their own food supplies by restricting exports.

The Food and Agriculture Organization of the United Nations says global food prices rose in May at their fastest monthly rate in more than a decade.

Prices for global food commodities rose for the 10th month in a row in March, according to a new report from the Food and Agriculture Organization of the United Nations.

Reduced consumer incomes around the world and supply chain difficulties during the pandemic have taken a toll on ag and food exporters in developing countries, but overall trade has remained “remarkably resilient” and some suppliers have prospered, according to a new publication from the United Nation’s Food and Agriculture Organization.