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: 73 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);
}
$message = '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: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'news-alerts-57/world-food-production-prices-update-2831/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/news-alerts-57/world-food-production-prices-update-2831/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 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 88 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
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: 74 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);
}
$message = '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: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'news-alerts-57/world-food-production-prices-update-2831/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/news-alerts-57/world-food-production-prices-update-2831/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 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 88 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 Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680483e8abe84-trace').style.display = (document.getElementById('cakeErr680483e8abe84-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680483e8abe84-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680483e8abe84-code').style.display = (document.getElementById('cakeErr680483e8abe84-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680483e8abe84-context').style.display = (document.getElementById('cakeErr680483e8abe84-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680483e8abe84-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680483e8abe84-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 2745, 'title' => 'World Food Production/ Prices Update', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"><br /> <em><strong>Further Readings: </strong></em></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food Outlook by FAO, June, 2010<br /> </font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</font></a><br /> <font face="arial,helvetica,sans-serif" size="3">&nbsp;<br /> Global wheat production forecast to be lower than expected &ndash; UN, <br /> The United Nations, 4 August, 2010,<br /> </font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1"><font face="arial,helvetica,sans-serif" size="3">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1</font></a><font face="arial,helvetica,sans-serif" size="3">= <br /> &nbsp;<br /> OECD-FAO Agricultural Outlook 2010-2019,<br /> </font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">International Grains Council, <br /> </font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Agritrade estimates on global rice production: <br /> </font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding"><font face="arial,helvetica,sans-serif" size="3">http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /> </font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html"><font face="arial,helvetica,sans-serif" size="3">http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html</font></a><font face="arial,helvetica,sans-serif" size="3"> <br /> &nbsp;<br /> World Food scenario appears positive,<br /> </font><a href="../articles.php?articleId=2153"><font face="arial,helvetica,sans-serif" size="3">http://www.im4change.org/articles.php?articleId=2153</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /> </font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Asia Times, 2 July, 2010,<br /> </font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html"><font face="arial,helvetica,sans-serif" size="3">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /> </font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/"><font face="arial,helvetica,sans-serif" size="3">http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html</a><br /> </font> </p>', 'credit_writer' => '', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 4, 'tag_keyword' => '', 'seo_url' => 'world-food-production-prices-update-2831', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 2831, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 2745, 'metaTitle' => 'NEWS ALERTS | World Food Production/ Prices Update', 'metaKeywords' => 'Food Security,Agriculture', 'metaDesc' => ' Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7...', 'disp' => '<p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font >&nbsp;<br />Global wheat production forecast to be lower than expected &ndash; UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=<br />food+crisis&amp;Cr1</a><font >= <br />&nbsp;<br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br />&nbsp;<br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 2745, 'title' => 'World Food Production/ Prices Update', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"><br /> <em><strong>Further Readings: </strong></em></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food Outlook by FAO, June, 2010<br /> </font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</font></a><br /> <font face="arial,helvetica,sans-serif" size="3">&nbsp;<br /> Global wheat production forecast to be lower than expected &ndash; UN, <br /> The United Nations, 4 August, 2010,<br /> </font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1"><font face="arial,helvetica,sans-serif" size="3">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1</font></a><font face="arial,helvetica,sans-serif" size="3">= <br /> &nbsp;<br /> OECD-FAO Agricultural Outlook 2010-2019,<br /> </font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">International Grains Council, <br /> </font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Agritrade estimates on global rice production: <br /> </font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding"><font face="arial,helvetica,sans-serif" size="3">http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /> </font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html"><font face="arial,helvetica,sans-serif" size="3">http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html</font></a><font face="arial,helvetica,sans-serif" size="3"> <br /> &nbsp;<br /> World Food scenario appears positive,<br /> </font><a href="../articles.php?articleId=2153"><font face="arial,helvetica,sans-serif" size="3">http://www.im4change.org/articles.php?articleId=2153</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /> </font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Asia Times, 2 July, 2010,<br /> </font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html"><font face="arial,helvetica,sans-serif" size="3">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /> </font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/"><font face="arial,helvetica,sans-serif" size="3">http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html</a><br /> </font> </p>', 'credit_writer' => '', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 4, 'tag_keyword' => '', 'seo_url' => 'world-food-production-prices-update-2831', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 2831, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 2745 $metaTitle = 'NEWS ALERTS | World Food Production/ Prices Update' $metaKeywords = 'Food Security,Agriculture' $metaDesc = ' Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7...' $disp = '<p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font >&nbsp;<br />Global wheat production forecast to be lower than expected &ndash; UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=<br />food+crisis&amp;Cr1</a><font >= <br />&nbsp;<br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br />&nbsp;<br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>news-alerts-57/world-food-production-prices-update-2831.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>NEWS ALERTS | World Food Production/ Prices Update | Im4change.org</title> <meta name="description" content=" Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>World Food Production/ Prices Update</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain’s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. “…<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.” </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO’s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world’s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) ‘<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>’, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font > <br />Global wheat production forecast to be lower than expected – UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=<br />food+crisis&Cr1</a><font >= <br /> <br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br /> <br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680483e8abe84-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680483e8abe84-code').style.display = (document.getElementById('cakeErr680483e8abe84-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680483e8abe84-context').style.display = (document.getElementById('cakeErr680483e8abe84-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680483e8abe84-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680483e8abe84-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 2745, 'title' => 'World Food Production/ Prices Update', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"><br /> <em><strong>Further Readings: </strong></em></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food Outlook by FAO, June, 2010<br /> </font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</font></a><br /> <font face="arial,helvetica,sans-serif" size="3">&nbsp;<br /> Global wheat production forecast to be lower than expected &ndash; UN, <br /> The United Nations, 4 August, 2010,<br /> </font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1"><font face="arial,helvetica,sans-serif" size="3">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1</font></a><font face="arial,helvetica,sans-serif" size="3">= <br /> &nbsp;<br /> OECD-FAO Agricultural Outlook 2010-2019,<br /> </font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">International Grains Council, <br /> </font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Agritrade estimates on global rice production: <br /> </font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding"><font face="arial,helvetica,sans-serif" size="3">http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /> </font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html"><font face="arial,helvetica,sans-serif" size="3">http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html</font></a><font face="arial,helvetica,sans-serif" size="3"> <br /> &nbsp;<br /> World Food scenario appears positive,<br /> </font><a href="../articles.php?articleId=2153"><font face="arial,helvetica,sans-serif" size="3">http://www.im4change.org/articles.php?articleId=2153</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /> </font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Asia Times, 2 July, 2010,<br /> </font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html"><font face="arial,helvetica,sans-serif" size="3">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /> </font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/"><font face="arial,helvetica,sans-serif" size="3">http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html</a><br /> </font> </p>', 'credit_writer' => '', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 4, 'tag_keyword' => '', 'seo_url' => 'world-food-production-prices-update-2831', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 2831, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 2745, 'metaTitle' => 'NEWS ALERTS | World Food Production/ Prices Update', 'metaKeywords' => 'Food Security,Agriculture', 'metaDesc' => ' Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7...', 'disp' => '<p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font >&nbsp;<br />Global wheat production forecast to be lower than expected &ndash; UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=<br />food+crisis&amp;Cr1</a><font >= <br />&nbsp;<br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br />&nbsp;<br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 2745, 'title' => 'World Food Production/ Prices Update', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"><br /> <em><strong>Further Readings: </strong></em></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food Outlook by FAO, June, 2010<br /> </font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</font></a><br /> <font face="arial,helvetica,sans-serif" size="3">&nbsp;<br /> Global wheat production forecast to be lower than expected &ndash; UN, <br /> The United Nations, 4 August, 2010,<br /> </font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1"><font face="arial,helvetica,sans-serif" size="3">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1</font></a><font face="arial,helvetica,sans-serif" size="3">= <br /> &nbsp;<br /> OECD-FAO Agricultural Outlook 2010-2019,<br /> </font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">International Grains Council, <br /> </font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Agritrade estimates on global rice production: <br /> </font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding"><font face="arial,helvetica,sans-serif" size="3">http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /> </font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html"><font face="arial,helvetica,sans-serif" size="3">http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html</font></a><font face="arial,helvetica,sans-serif" size="3"> <br /> &nbsp;<br /> World Food scenario appears positive,<br /> </font><a href="../articles.php?articleId=2153"><font face="arial,helvetica,sans-serif" size="3">http://www.im4change.org/articles.php?articleId=2153</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /> </font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Asia Times, 2 July, 2010,<br /> </font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html"><font face="arial,helvetica,sans-serif" size="3">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /> </font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/"><font face="arial,helvetica,sans-serif" size="3">http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html</a><br /> </font> </p>', 'credit_writer' => '', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 4, 'tag_keyword' => '', 'seo_url' => 'world-food-production-prices-update-2831', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 2831, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 2745 $metaTitle = 'NEWS ALERTS | World Food Production/ Prices Update' $metaKeywords = 'Food Security,Agriculture' $metaDesc = ' Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7...' $disp = '<p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font >&nbsp;<br />Global wheat production forecast to be lower than expected &ndash; UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=<br />food+crisis&amp;Cr1</a><font >= <br />&nbsp;<br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br />&nbsp;<br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>news-alerts-57/world-food-production-prices-update-2831.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>NEWS ALERTS | World Food Production/ Prices Update | Im4change.org</title> <meta name="description" content=" Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>World Food Production/ Prices Update</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain’s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. “…<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.” </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO’s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world’s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) ‘<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>’, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font > <br />Global wheat production forecast to be lower than expected – UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=<br />food+crisis&Cr1</a><font >= <br /> <br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br /> <br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680483e8abe84-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680483e8abe84-code').style.display = (document.getElementById('cakeErr680483e8abe84-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680483e8abe84-context').style.display = (document.getElementById('cakeErr680483e8abe84-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680483e8abe84-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680483e8abe84-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 2745, 'title' => 'World Food Production/ Prices Update', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"><br /> <em><strong>Further Readings: </strong></em></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food Outlook by FAO, June, 2010<br /> </font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</font></a><br /> <font face="arial,helvetica,sans-serif" size="3">&nbsp;<br /> Global wheat production forecast to be lower than expected &ndash; UN, <br /> The United Nations, 4 August, 2010,<br /> </font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1"><font face="arial,helvetica,sans-serif" size="3">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1</font></a><font face="arial,helvetica,sans-serif" size="3">= <br /> &nbsp;<br /> OECD-FAO Agricultural Outlook 2010-2019,<br /> </font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">International Grains Council, <br /> </font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Agritrade estimates on global rice production: <br /> </font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding"><font face="arial,helvetica,sans-serif" size="3">http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /> </font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html"><font face="arial,helvetica,sans-serif" size="3">http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html</font></a><font face="arial,helvetica,sans-serif" size="3"> <br /> &nbsp;<br /> World Food scenario appears positive,<br /> </font><a href="../articles.php?articleId=2153"><font face="arial,helvetica,sans-serif" size="3">http://www.im4change.org/articles.php?articleId=2153</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /> </font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Asia Times, 2 July, 2010,<br /> </font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html"><font face="arial,helvetica,sans-serif" size="3">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /> </font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/"><font face="arial,helvetica,sans-serif" size="3">http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html</a><br /> </font> </p>', 'credit_writer' => '', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 4, 'tag_keyword' => '', 'seo_url' => 'world-food-production-prices-update-2831', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 2831, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 2745, 'metaTitle' => 'NEWS ALERTS | World Food Production/ Prices Update', 'metaKeywords' => 'Food Security,Agriculture', 'metaDesc' => ' Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7...', 'disp' => '<p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font >&nbsp;<br />Global wheat production forecast to be lower than expected &ndash; UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=<br />food+crisis&amp;Cr1</a><font >= <br />&nbsp;<br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br />&nbsp;<br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 2745, 'title' => 'World Food Production/ Prices Update', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"><br /> <em><strong>Further Readings: </strong></em></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food Outlook by FAO, June, 2010<br /> </font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</font></a><br /> <font face="arial,helvetica,sans-serif" size="3">&nbsp;<br /> Global wheat production forecast to be lower than expected &ndash; UN, <br /> The United Nations, 4 August, 2010,<br /> </font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1"><font face="arial,helvetica,sans-serif" size="3">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1</font></a><font face="arial,helvetica,sans-serif" size="3">= <br /> &nbsp;<br /> OECD-FAO Agricultural Outlook 2010-2019,<br /> </font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">International Grains Council, <br /> </font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Agritrade estimates on global rice production: <br /> </font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding"><font face="arial,helvetica,sans-serif" size="3">http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /> </font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html"><font face="arial,helvetica,sans-serif" size="3">http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html</font></a><font face="arial,helvetica,sans-serif" size="3"> <br /> &nbsp;<br /> World Food scenario appears positive,<br /> </font><a href="../articles.php?articleId=2153"><font face="arial,helvetica,sans-serif" size="3">http://www.im4change.org/articles.php?articleId=2153</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /> </font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Asia Times, 2 July, 2010,<br /> </font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html"><font face="arial,helvetica,sans-serif" size="3">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /> </font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/"><font face="arial,helvetica,sans-serif" size="3">http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html</a><br /> </font> </p>', 'credit_writer' => '', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 4, 'tag_keyword' => '', 'seo_url' => 'world-food-production-prices-update-2831', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 2831, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 2745 $metaTitle = 'NEWS ALERTS | World Food Production/ Prices Update' $metaKeywords = 'Food Security,Agriculture' $metaDesc = ' Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7...' $disp = '<p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain&rsquo;s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. &ldquo;&hellip;<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.&rdquo; </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO&rsquo;s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world&rsquo;s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) &lsquo;<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>&rsquo;, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font >&nbsp;<br />Global wheat production forecast to be lower than expected &ndash; UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=food+crisis&amp;Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&amp;Cr=<br />food+crisis&amp;Cr1</a><font >= <br />&nbsp;<br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br />&nbsp;<br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>news-alerts-57/world-food-production-prices-update-2831.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>NEWS ALERTS | World Food Production/ Prices Update | Im4change.org</title> <meta name="description" content=" Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>World Food Production/ Prices Update</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain’s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. “…<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.” </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO’s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world’s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) ‘<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>’, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font > <br />Global wheat production forecast to be lower than expected – UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=<br />food+crisis&Cr1</a><font >= <br /> <br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br /> <br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 2745, 'title' => 'World Food Production/ Prices Update', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain’s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. “…<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.” </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO’s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world’s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) ‘<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>’, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"><br /> <em><strong>Further Readings: </strong></em></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food Outlook by FAO, June, 2010<br /> </font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</font></a><br /> <font face="arial,helvetica,sans-serif" size="3"> <br /> Global wheat production forecast to be lower than expected – UN, <br /> The United Nations, 4 August, 2010,<br /> </font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1"><font face="arial,helvetica,sans-serif" size="3">http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1</font></a><font face="arial,helvetica,sans-serif" size="3">= <br /> <br /> OECD-FAO Agricultural Outlook 2010-2019,<br /> </font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">International Grains Council, <br /> </font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Agritrade estimates on global rice production: <br /> </font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding"><font face="arial,helvetica,sans-serif" size="3">http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /> </font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html"><font face="arial,helvetica,sans-serif" size="3">http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html</font></a><font face="arial,helvetica,sans-serif" size="3"> <br /> <br /> World Food scenario appears positive,<br /> </font><a href="../articles.php?articleId=2153"><font face="arial,helvetica,sans-serif" size="3">http://www.im4change.org/articles.php?articleId=2153</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /> </font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Asia Times, 2 July, 2010,<br /> </font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html"><font face="arial,helvetica,sans-serif" size="3">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /> </font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/"><font face="arial,helvetica,sans-serif" size="3">http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html</a><br /> </font> </p>', 'credit_writer' => '', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 4, 'tag_keyword' => '', 'seo_url' => 'world-food-production-prices-update-2831', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 2831, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 2745, 'metaTitle' => 'NEWS ALERTS | World Food Production/ Prices Update', 'metaKeywords' => 'Food Security,Agriculture', 'metaDesc' => ' Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7...', 'disp' => '<p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain’s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. “…<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.” </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO’s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world’s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) ‘<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>’, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font > <br />Global wheat production forecast to be lower than expected – UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=<br />food+crisis&Cr1</a><font >= <br /> <br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br /> <br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 2745, 'title' => 'World Food Production/ Prices Update', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain’s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. “…<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.” </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO’s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world’s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) ‘<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>’, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3"><br /> <em><strong>Further Readings: </strong></em></font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food Outlook by FAO, June, 2010<br /> </font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</font></a><br /> <font face="arial,helvetica,sans-serif" size="3"> <br /> Global wheat production forecast to be lower than expected – UN, <br /> The United Nations, 4 August, 2010,<br /> </font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1"><font face="arial,helvetica,sans-serif" size="3">http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1</font></a><font face="arial,helvetica,sans-serif" size="3">= <br /> <br /> OECD-FAO Agricultural Outlook 2010-2019,<br /> </font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">International Grains Council, <br /> </font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf"><font face="arial,helvetica,sans-serif" size="3">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Agritrade estimates on global rice production: <br /> </font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding"><font face="arial,helvetica,sans-serif" size="3">http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /> </font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html"><font face="arial,helvetica,sans-serif" size="3">http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html</font></a><font face="arial,helvetica,sans-serif" size="3"> <br /> <br /> World Food scenario appears positive,<br /> </font><a href="../articles.php?articleId=2153"><font face="arial,helvetica,sans-serif" size="3">http://www.im4change.org/articles.php?articleId=2153</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /> </font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Asia Times, 2 July, 2010,<br /> </font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html"><font face="arial,helvetica,sans-serif" size="3">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</font></a> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /> </font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/"><font face="arial,helvetica,sans-serif" size="3">http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm"><font face="arial,helvetica,sans-serif" size="3">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</font></a><font face="arial,helvetica,sans-serif" size="3"> </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html</a><br /> </font> </p>', 'credit_writer' => '', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 4, 'tag_keyword' => '', 'seo_url' => 'world-food-production-prices-update-2831', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 2831, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 2745 $metaTitle = 'NEWS ALERTS | World Food Production/ Prices Update' $metaKeywords = 'Food Security,Agriculture' $metaDesc = ' Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7...' $disp = '<p align="justify"><font ></font></p><p align="justify"><font ></font></p><p align="justify"><font >Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. </font></p><p align="justify"><font >Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain’s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. </font></p><p align="justify"><font >FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain.</font> </p><p align="justify"><font >According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. </font></p><p align="justify"><font >The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition.</font> </p><p align="justify"><font >The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. “…<em>Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point</em>.” </font></p><p align="justify"><font >As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO’s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world’s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) ‘<em>Global rice production for 2010/11 is projected at a record 459.7 million tonnes</em>’, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come. </font></p><p align="justify"><font ><br /><em><strong>Further Readings: </strong></em></font></p><p align="justify"><font >Food Outlook by FAO, June, 2010<br /></font><a href="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf" title="http://www.fao.org/docrep/012/ak349e/ak349e00.pdf">http://www.fao.org/docrep/012/ak349e/ak349e00.pdf</a><br /><font > <br />Global wheat production forecast to be lower than expected – UN, <br />The United Nations, 4 August, 2010,<br /></font><a href="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1" title="http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=food+crisis&Cr1">http://www.un.org/apps/news/story.asp?NewsID=35530&Cr=<br />food+crisis&Cr1</a><font >= <br /> <br />OECD-FAO Agricultural Outlook 2010-2019,<br /></font><a href="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf" title="http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf">http://www.agri-outlook.org/dataoecd/13/13/45438527.pdf</a><font > </font></p><p align="justify"><font >International Grains Council, <br /></font><a href="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf" title="http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf">http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf</a><font > </font></p><p align="justify"><font >Agritrade estimates on global rice production: <br /></font><a href="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding" title="http://agritrade.cta.int/en/Commodities/Rice-sector/News/Global-rice-production-expanding">http://agritrade.cta.int/en/Commodities/Rice-sector/News/G<br />lobal-rice-production-expanding</a> </p><p align="justify"><font >Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010,<br /></font><a href="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html" title="http://online.wsj.com/article/SB10001424052748704905004575405381319151528.html">http://online.wsj.com/article/SB10001424052748704905004575<br />405381319151528.html</a><font > <br /> <br />World Food scenario appears positive,<br /></font><a href="https://im4change.in/articles.php?articleId=2153" title="https://im4change.in/articles.php?articleId=2153">http://www.im4change.org/articles.php?articleId=2153</a><font > </font></p><p align="justify"><font >Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010,<br /></font><a href="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm" title="http://www.thehindubusinessline.com/2010/08/06/stories/2010080652841800.htm">http://www.thehindubusinessline.com/2010/08/06/stories/201<br />0080652841800.htm</a><font > </font></p><p align="justify"><font >Asia Times, 2 July, 2010,<br /></font><a href="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html" title="http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html">http://www.atimes.com/atimes/Southeast_Asia/LG02Ae01.html</a> </p><p align="justify"><font >Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, <br /></font><a href="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/" title="http://business-standard.com/india/news/wheat-rises-food-shares-fallrussia-export-ban/403817/">http://business-standard.com/india/news/wheat-rises-food-s<br />hares-fallrussia-export-ban/403817/</a><font > </font></p><p align="justify"><font >Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, </font><a href="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm" title="http://www.hindu.com/2010/08/10/stories/2010081051341100.htm">http://www.hindu.com/2010/08/10/stories/2010081051341100.htm</a><font > </font></p><p align="justify"><font >Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, <a href="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html" title="http://www1.voanews.com/english/news/Pakistan-Floods-May-Rival-3-Recent-Disasters-100254644.html">http://www1.voanews.com/english/news/Pakistan-Floods-May-R<br />ival-3-Recent-Disasters-100254644.html</a><br /></font></p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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World Food Production/ Prices Update |
Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010 that wheat prices might plunge in 2010-2011. Dry conditions have also affected wheat output in countries like Ukraine, Kazakhstan and north-western parts of the EU. Lower wheat production in Canada has added more worries. FAO has also said in a recent release (see links below) that the recent turmoil in the global wheat markets is because of the grain’s erratic yield in the black sea region, which continues to be a major supplier of wheat to the international markets. FAO's Food Outlook earlier predicted world production of wheat to fall to 676.5 million tonnes in 2010-2011. The London-based International Grains Council has recently reduced 2010-11 world wheat output forecast by 13 mt to 651 mt. Following this, the global wheat production forecast of the FAO is 651 million tonnes in 2010-2011, down from the 676 million tonnes reported in June, 2010. The production shortfall is bound to affect the prices of food grain. According to the United Nations, global wheat prices have jumped by over 50 per cent since June, prompting concerns about a repeat of the food crisis of 2007/2008. Although prices are still well below the 2008 levels and global stockpiles are much stronger than they were two years ago, wheat importing countries fear a repetition of the food crisis of 2008. In India the retail price rise of food items has been in double digits and there is no let up expected in the short term. The long term estimates of FAO's Agriculture Outlook 2010-19 are that the food prices of all agricultural commodities would continue to rise in the coming decade. Jointly prepared by the OECD and FAO, the report includes prices of all cereals, oilseed and livestock. The publication calls for enhanced agricultural production and productivity as well as rules-based trading and a regime of fair competition. The only silver lining, according to FAO, is that the record crops in the last two consecutive years have built up sufficient global inventories of wheat, which would not only cover the production shortfall of the current year but would also dispel any fears about a new global food crisis. It has noted that the traditional wheat exporters would also maintain their buffer stocks. “…Despite production problems in some leading exporting countries, the world wheat market remains far more balanced than at the time of the world food crises in 2007/2008 and fears of a new global food crisis are not justified at this point.” As of now, the overall expectations of world cereal production (except wheat) continue to be upbeat at least for the current year. The FAO’s June report predicts that the global coarse grain production is expected to rise from 1115.2 million tonnes in 2009-10 to 1130.9 million tonnes in 2010-2011. There is expectation of yet another record maize crop in the United States, the world’s largest producer and exporter of maize. According to predictions made by Agritrade the global production of rice is likely to be better than the last year. According to estimates (see link below) ‘Global rice production for 2010/11 is projected at a record 459.7 million tonnes’, up 4% on 2009/10. All major rice-producing countries are expecting larger harvests. However, the Pundits are keeping a close watch on drought conditions in Vietnam and Thailand and floods in Pakistan, lest weather conditions become a spoilsport in the weeks to come.
Food Outlook by FAO, June, 2010 International Grains Council, Agritrade estimates on global rice production: Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek, The Wall Street Journal, August, 2010, Wheat prices soar as Russia suspends exports by G Chandrashekhar, The Hindu Business Line, 6 August, 2010, Asia Times, 2 July, 2010, Wheat rises, food shares fall on Russia export ban, The Business Standard, 7 August, 2010, Russian drought could push up food prices by Richard Wray, The Hindu, 10 August, 2010, http://www.hindu.com/2010/08/10/stories/2010081051341100.htm Pakistan Floods May Rival Three Recent Disasters, VOA News, 9 August, 2010, http://www1.voanews.com/english/news/Pakistan-Floods-May-R |