Tuesday, October 11, 2011

Just in

FAO Sees Tight Grain Stocks in 2011/2012

New York--Despite improved production prospects, world cereal markets are likely to remain fairly tight in 2011/2012, according to the United Nations Food and Agriculture Organization’s quarterly Crop Prospects and Food Situation report just released.

The overall year-on-year increase includes a 4.6 percent (30 million metric ton) rise in global wheat production, a 3 percent (14 million metric ton) rise in the rice harvest and a 2.1 percent (24 million metric ton) hike for coarse grains.

Despite the expected production gains, the report warns that because of the slowdown in the global economic recovery and increased risks of recession, there is uncertainty regarding the impact on world food security. Worsening economic conditions could result in higher unemployment and lower incomes for the vulnerable and needy in the developing countries.

United Nations Food and Agriculture Organization news release

No comments:

House Passes Interior Bill with Idaho Priorities

Simpson authored provisions would benefit Idaho and the West Washington,- The House of Representatives passed the fiscal year 2019 Inter...