-United Nations News Countries are expected to spend a staggering $1.8 trillion importing food they need this year; this would be a new world record but worryingly, it’s going to buy them less food, not more. That’s according to the UN Food and Agriculture Organization (FAO) which on Thursday suggested that for some countries, the situation potentially heralded “an end of their resilience to higher PRIces”. Ever-higher fixed costs for farmers of so-called...

-Press release by Pesticide Action Network (PAN) International and 430 civil society and indigenous peoples organizations from 69 countries dated June 9, 2022  Reminding the UN Food and Agriculture Organization (FAO) of its obligations to uphold human rights, 430 civil society and Indigenous peoples organizations from 69 countries across the globe today called on the FAO Council to rescind the agency’s partnership with CropLife International, the industry association representing the world’s largest...

-NetworkIdeas.org Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central banks, claims...

-Hindustan Times Unseasonal rains also damaged lemon crops during the flowering stage in several states in January and then, a heatwave while March-APRIl harvesting crimped output. In APRIl, PRIces leapt to unseen levels, reaching up to ₹200 a kilo. New Delhi: Extreme weather that scientists have linked to climate change has hit output of several crops this year, making fruits and vegetables costlier. The average retail PRIce of tomatoes, a basic ingredient of...

-Livemint.com India’s wheat export proscription was the first signal of awareness that moves on many fronts are needed for inflation control The Indian export ban on wheat in mid-May drew much negative attention. For the record, it is a ban on PRIvate sector wheat exports, and leaves open government-to-government contracts. The widespread criticism of the ban was misplaced in my opinion. PRIvate wheat traders had responded exuberantly to the global demand for wheat...