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Balanced Reporting. Trusted Insights.
Friday, March 31, 2023
Former Secretary of State Mike Pompeo says the United States isn’t being tough enough when it comes to China. While President Joe Biden has maintained the Trump administration’s tariffs on China, Pompeo says more has to be done to curb China’s unfair trade practices and theft of intellectual property.
FAO's gauge of global food prices fell for the fifth consecutive month in August, led by continued softening in wheat markets, but remained 7.9% above its level a year ago.
A 10-year forecast for global agriculture projects that worldwide food consumption will increase by 1.4 % per year over the next decade, with the increase primarily concentrated in low to middle-income areas.
FAO's measure of global food commodity prices fell slightly in April, driven by an easing of corn and vegetable oil prices, after jumping 13% the month before following the Russian invasion of Ukraine.
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.
Russia’s invasion of Ukraine could raise grain prices as much as 20% while boosting fertilizer prices another 13% and further inflating food costs, the UN Food and Agriculture Organization warns.
The UN Food and Agriculture Organization is reporting that global food prices hit their highest level on record last month, and that doesn’t account for the full effects of the Ukraine crisis.
Global food prices hit an all-time high in February, led by sharp increases in vegetable oil and dairy prices as well higher costs for grains, according to the UN Food and Agriculture Organization.
