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Wheat Hoarding Likely to Be `Widespread,' Prompting Price Gains, UN Says by Luzi Ann Javier

Global wheat harvests may trail demand for a second year, spurring hoarding and further price gains, said the United Nations. “Whenever you get the market as tight as we are now, hoarding becomes widespread,” Abdolreza Abbassian, a senior economist at the UN Food and Agriculture Organization, said in an interview by phone from Rome. Wheat, corn and soybeans soared to the highest levels since 2008 yesterday as a U.S. government report showed...

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Jhum cultivation must stay with us!!! by ZK Pahrii Pou

These days, Jhum cultivation also known as ‘slash and burn method of cultivation’, ‘shifting cultivation’ etc has been under continuous scanner for its productivity and ecological viability. This form of cultivation is followed widely in almost all the North Eastern States including the hill areas of Manipur. There are those who consider jhum cultivation as unproductive and ecologically disastrous so that people (understood as tribal people of the hill areas)...

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Global food prices rise to new highs, not expected to fall in coming months – UN

Food prices around the world surged to a new historic peak in January, for the seventh consecutive month, the United Nations Food and Agriculture Organization (FAO) reported today, adding that the prices are not likely to decline in the months ahead. According to the FAO, its latest Food Price Index, a commodity basket that tracks monthly changes in global food prices, averaged 231 points in January and was up 3.4 per...

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UN launches year-long celebration of vital role of world’s forests

Recognizing the role that forests play in everything from mitigating climate change to providing wood, medicines and livelihoods for people worldwide, the United Nations today kicked off a year-long celebration to raise awareness of the value of this important resource. “Forests for People” is the main theme of the International Year of Forests, which was launched at a ceremony at UN Headquarters in New York attended by world leaders, Nobel Laureate...

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Urgent steps needed to curb rising food and other commodity prices, UN warns

Senior United Nations officials today called for urgent steps to rein in the rising prices for basic farm produce, petroleum and raw industrial materials whose volatility hits the world’s poorest people the hardest.     “Such volatility has huge negative impacts on vulnerable groups, such as low-income households in developing countries, for whom food expenditure can account for up to 80 per cent of household budgets,” UN Conference on Trade and Development...

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