The United Nations Food and Agriculture Organization (FAO) has cut its global wheat production forecast for 2010 due to the impact of poor weather on crops in recent weeks, but allayed fears of a new food crisis, noting that current stocks should be adequate. The global wheat production forecast is now expected to be 651 million tonnes, down from the 676 million tonnes reported in June, the Rome-based agency said in...
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Global Wheat Shortage Feared as Prices Surge by Liam Pleven and Tom Polansek
Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...
More »World Bank highlights African land grab by Katie Allen
Draft report claims investor interest is focussed on countries with weak land governance. A leaked World Bank report into investors from rich nations buying up African farmland has intensified campaigners' fears that the growing trend is marginalising local producers. After a spate of investments in African land by sovereign wealth funds looking for gains on rising commodity prices and by countries such as China worried about their own food security, the World...
More »Orissa begins land acquisition for Posco steel project
Shrugging off mounting opposition from the local people and objections from the Joint Committee under the Ministry of Environment and Forests, which is overseeing the implementation of the Forest Right Act (FRA), the Orissa government on Tuesday began the land acquisition process for the proposed Posco-India steel project in Jagatsinghpur district. First attempt Revenue officials, flanked by a horde of police personnel, made the first real attempt to acquire land five years...
More »Jatropha-based fuel can help poor farmers: FAO
The UN's food and agriculture arm today advocated the use of jatropha for producing bio-diesel and said the crop can help farmers improve their financial condition in dry areas. "Using the energy crop jatropha for bio-diesel production could benefit poor farmers, particularly in semi-arid and remote areas of developing countries," said a report published by the Food and Agriculture Organisation (FAO) and the International Fund for Agricultural Development (IFAD). Jatropha curcas grows...
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