Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Global food prices hit 10-month high in March-Dilip Kumar Jha    </title>
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-The Business Standard



Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon


Global food prices rose sharply to hit a 10-month high in March, following a 2.3 per cent rise in the prices of agricultural..."/>
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-The Business Standard



Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon


Global food prices rose sharply to hit a 10-month high in March, following a 2.3 per cent rise in the prices of agricultural..." />
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                            <div align="justify">-The Business Standard</div><p align="justify"><br /><em>Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon</em></p><p align="justify">Global food prices rose sharply to hit a 10-month high in March, following a 2.3 per cent rise in the prices of agricultural commodities brought on by unfavourable weather conditions in the United States and Brazil, coupled with geopolitical tensions in the Russian region.</p><p align="justify">While the global commodity price rise opened an opportunity for Indian exporters, albeit temporarily, it could also stoke a possible rise in domestic inflation, which policy makers controlled after stepping up favourable policy initiatives.</p><p align="justify">Data compiled by the Food and Agricultural Organization (FAO) of the United Nations showed that the FAO Food Price Index rose by 4.8 points to an average of 212.8, the highest level since May 2013.</p><p align="justify">&quot;The Index was influenced, as expected, by unfavourable weather conditions in the US and Brazil, and geopolitical tensions in the Black Sea region,&quot; said Abdolreza Abbassian, FAO Senior Economist.</p><p align="justify">The Food Price Index looks at March trends. Since then, the initial fear over disruptions in grain shipments from Ukraine has subsided. Also, markets have started to discard any negative impact that the current difficult domestic economic conditions may bear on planting or harvest in 2014, an FAO study said.</p><p align="justify">The index, based on the prices of a basket of internationally-traded food commodities, saw prices increase in all groups except dairy, which fell for the first time in four months (-2.5 per cent). The greatest gains were seen in sugar (+7.9 per cent) and cereals (+5.2 per cent).</p><p align="justify">Meanwhile, FAO reported a higher estimate for world cereal production in 2013, which has been raised by 6 million tonnes to 2,521 million tonnes. The latest adjustments reflect higher estimates for production of coarse grains and rice in several countries. Its forecast for ending stocks has also been raised and world trade is set to increase by significantly more than earlier expected.</p><p align="justify">&quot;It is still too early to make accurate production forecasts for cereals, as many crops have yet to be planted and weather remains the key factor influencing harvests,&quot; said FAO's Abbassian.</p><p align="justify">World wheat production in 2014 is forecast at 702 million tonnes, down 2 million tonnes from FAO's first forecast published in March. This would be 2 per cent lower than last year's record harvest.</p><p align="justify">Global rice production in 2014, however, points to a modest 0.8 per cent increase, to 500.7million tonnes (milled basis), as growth is likely to be dampened by falling world prices and fears of a recurring El Ni&ntilde;o event.</p><p align="justify">Even though the outlook for rice is up slightly, increases might not be sufficient to match population growth. As a result, inventories in the next season could see a decline, albeit from very high levels.</p>                                                           
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    <br><a href="http://www.business-standard.com/article/international/global-food-prices-hit-10-month-high-in-march-114040300521_1.html" class="re" target="_blank">The Business Standard, 3 April, 2014, http://www.business-standard.com/article/international/global-food-prices-hit-10-month-high-in-march-114040300521_1.html</a><div class="clear"></div>
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Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon


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    <h1 class="cat-box-title">Global food prices hit 10-month high in March-Dilip Kumar Jha</h1>
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                            <div align="justify">-The Business Standard</div><p align="justify"><br /><em>Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon</em></p><p align="justify">Global food prices rose sharply to hit a 10-month high in March, following a 2.3 per cent rise in the prices of agricultural commodities brought on by unfavourable weather conditions in the United States and Brazil, coupled with geopolitical tensions in the Russian region.</p><p align="justify">While the global commodity price rise opened an opportunity for Indian exporters, albeit temporarily, it could also stoke a possible rise in domestic inflation, which policy makers controlled after stepping up favourable policy initiatives.</p><p align="justify">Data compiled by the Food and Agricultural Organization (FAO) of the United Nations showed that the FAO Food Price Index rose by 4.8 points to an average of 212.8, the highest level since May 2013.</p><p align="justify">&quot;The Index was influenced, as expected, by unfavourable weather conditions in the US and Brazil, and geopolitical tensions in the Black Sea region,&quot; said Abdolreza Abbassian, FAO Senior Economist.</p><p align="justify">The Food Price Index looks at March trends. Since then, the initial fear over disruptions in grain shipments from Ukraine has subsided. Also, markets have started to discard any negative impact that the current difficult domestic economic conditions may bear on planting or harvest in 2014, an FAO study said.</p><p align="justify">The index, based on the prices of a basket of internationally-traded food commodities, saw prices increase in all groups except dairy, which fell for the first time in four months (-2.5 per cent). The greatest gains were seen in sugar (+7.9 per cent) and cereals (+5.2 per cent).</p><p align="justify">Meanwhile, FAO reported a higher estimate for world cereal production in 2013, which has been raised by 6 million tonnes to 2,521 million tonnes. The latest adjustments reflect higher estimates for production of coarse grains and rice in several countries. Its forecast for ending stocks has also been raised and world trade is set to increase by significantly more than earlier expected.</p><p align="justify">&quot;It is still too early to make accurate production forecasts for cereals, as many crops have yet to be planted and weather remains the key factor influencing harvests,&quot; said FAO's Abbassian.</p><p align="justify">World wheat production in 2014 is forecast at 702 million tonnes, down 2 million tonnes from FAO's first forecast published in March. This would be 2 per cent lower than last year's record harvest.</p><p align="justify">Global rice production in 2014, however, points to a modest 0.8 per cent increase, to 500.7million tonnes (milled basis), as growth is likely to be dampened by falling world prices and fears of a recurring El Ni&ntilde;o event.</p><p align="justify">Even though the outlook for rice is up slightly, increases might not be sufficient to match population growth. As a result, inventories in the next season could see a decline, albeit from very high levels.</p>                                                           
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    <br><a href="http://www.business-standard.com/article/international/global-food-prices-hit-10-month-high-in-march-114040300521_1.html" class="re" target="_blank">The Business Standard, 3 April, 2014, http://www.business-standard.com/article/international/global-food-prices-hit-10-month-high-in-march-114040300521_1.html</a><div class="clear"></div>
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-The Business Standard



Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon


Global food prices rose sharply to hit a 10-month high in March, following a 2.3 per cent rise in the prices of agricultural..." />
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    <h1 class="cat-box-title">Global food prices hit 10-month high in March-Dilip Kumar Jha</h1>
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                            <div align="justify">-The Business Standard</div><p align="justify"><br /><em>Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon</em></p><p align="justify">Global food prices rose sharply to hit a 10-month high in March, following a 2.3 per cent rise in the prices of agricultural commodities brought on by unfavourable weather conditions in the United States and Brazil, coupled with geopolitical tensions in the Russian region.</p><p align="justify">While the global commodity price rise opened an opportunity for Indian exporters, albeit temporarily, it could also stoke a possible rise in domestic inflation, which policy makers controlled after stepping up favourable policy initiatives.</p><p align="justify">Data compiled by the Food and Agricultural Organization (FAO) of the United Nations showed that the FAO Food Price Index rose by 4.8 points to an average of 212.8, the highest level since May 2013.</p><p align="justify">&quot;The Index was influenced, as expected, by unfavourable weather conditions in the US and Brazil, and geopolitical tensions in the Black Sea region,&quot; said Abdolreza Abbassian, FAO Senior Economist.</p><p align="justify">The Food Price Index looks at March trends. Since then, the initial fear over disruptions in grain shipments from Ukraine has subsided. Also, markets have started to discard any negative impact that the current difficult domestic economic conditions may bear on planting or harvest in 2014, an FAO study said.</p><p align="justify">The index, based on the prices of a basket of internationally-traded food commodities, saw prices increase in all groups except dairy, which fell for the first time in four months (-2.5 per cent). The greatest gains were seen in sugar (+7.9 per cent) and cereals (+5.2 per cent).</p><p align="justify">Meanwhile, FAO reported a higher estimate for world cereal production in 2013, which has been raised by 6 million tonnes to 2,521 million tonnes. The latest adjustments reflect higher estimates for production of coarse grains and rice in several countries. Its forecast for ending stocks has also been raised and world trade is set to increase by significantly more than earlier expected.</p><p align="justify">&quot;It is still too early to make accurate production forecasts for cereals, as many crops have yet to be planted and weather remains the key factor influencing harvests,&quot; said FAO's Abbassian.</p><p align="justify">World wheat production in 2014 is forecast at 702 million tonnes, down 2 million tonnes from FAO's first forecast published in March. This would be 2 per cent lower than last year's record harvest.</p><p align="justify">Global rice production in 2014, however, points to a modest 0.8 per cent increase, to 500.7million tonnes (milled basis), as growth is likely to be dampened by falling world prices and fears of a recurring El Ni&ntilde;o event.</p><p align="justify">Even though the outlook for rice is up slightly, increases might not be sufficient to match population growth. As a result, inventories in the next season could see a decline, albeit from very high levels.</p>                                                           
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    <br><a href="http://www.business-standard.com/article/international/global-food-prices-hit-10-month-high-in-march-114040300521_1.html" class="re" target="_blank">The Business Standard, 3 April, 2014, http://www.business-standard.com/article/international/global-food-prices-hit-10-month-high-in-march-114040300521_1.html</a><div class="clear"></div>
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Home हिन्दी

Global food prices hit 10-month high in March-Dilip Kumar Jha

Published on Apr 3, 2014   Modified on Apr 3, 2014

-The Business Standard Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon Global food prices rose sharply to hit a 10-month high in March, following a 2.3 per cent rise in the prices of agricultural commodities brought on by unfavourable weather conditions in the United States and Brazil, coupled with geopolitical tensions in the Russian region. While the global commodity price rise opened an opportunity for Indian exporters, albeit temporarily, it could also stoke a possible rise in domestic inflation, which policy makers controlled after stepping up favourable policy initiatives. Data compiled by the Food and Agricultural Organization (FAO) of the United Nations showed that the FAO Food Price Index rose by 4.8 points to an average of 212.8, the highest level since May 2013. "The Index was influenced, as expected, by unfavourable weather conditions in the US and Brazil, and geopolitical tensions in the Black Sea region," said Abdolreza Abbassian, FAO Senior Economist. The Food Price Index looks at March trends. Since then, the initial fear over disruptions in grain shipments from Ukraine has subsided. Also, markets have started to discard any negative impact that the current difficult domestic economic conditions may bear on planting or harvest in 2014, an FAO study said. The index, based on the prices of a basket of internationally-traded food commodities, saw prices increase in all groups except dairy, which fell for the first time in four months (-2.5 per cent). The greatest gains were seen in sugar (+7.9 per cent) and cereals (+5.2 per cent). Meanwhile, FAO reported a higher estimate for world cereal production in 2013, which has been raised by 6 million tonnes to 2,521 million tonnes. The latest adjustments reflect higher estimates for production of coarse grains and rice in several countries. Its forecast for ending stocks has also been raised and world trade is set to increase by significantly more than earlier expected. "It is still too early to make accurate production forecasts for cereals, as many crops have yet to be planted and weather remains the key factor influencing harvests," said FAO's Abbassian. World wheat production in 2014 is forecast at 702 million tonnes, down 2 million tonnes from FAO's first forecast published in March. This would be 2 per cent lower than last year's record harvest. Global rice production in 2014, however, points to a modest 0.8 per cent increase, to 500.7million tonnes (milled basis), as growth is likely to be dampened by falling world prices and fears of a recurring El Niño event. Even though the outlook for rice is up slightly, increases might not be sufficient to match population growth. As a result, inventories in the next season could see a decline, albeit from very high levels.

The Business Standard, 3 April, 2014, http://www.business-standard.com/article/international/global-food-prices-hit-10-month-high-in-march-114040300521_1.html

Tagged with: food prices food inflation Inflation price rise Food Security Agriculture

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