Sunday, 31 May 2015

AUSVEG National Convention to take place June 25-27

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UK farmers picked preferred potato slogan

UK farmers picked preferred potato slogan

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TMS Publishing Group introduces first digital standardized format - EPUB

TMS Publishing Group introduces first digital stan...

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McCain Foods USA awarded for energy efficiency

McCain Foods USA awarded for energy efficiency

    McCain Foods USA was recognized by Idaho Power for its commitment to operational excellence throu...

GMOs under discussion at EFSA's annual meeting

GMOs under discussion at EFSA's annual meeting

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PepsiCo’s Cheetos snacks to be produced in the Philippines

PepsiCo’s Cheetos snacks to be produced in the Philippi...

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TOMRA equips its Belgian test and demo center with a new cold room

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  The equipment producer TOMRA Sorting Solutions is now able to test the performance of its sorting ma...

Key Technology launches new mobile-friendly website

Key Technology launches new mobile-friendly website

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JBT's customer service team is expanding

JBT's customer service team is expanding

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Utz Quality Foods launches Specialty Division

Utz Quality Foods la...

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Potatoes are back on WIC, a nutritional program for women, infants and children in USA

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The National Potato Council (NPC) from USA succeeded to put ...

Exclusive interview with the director of Urschel Laboratories, Inc: The Urschel team is a very strong one

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What began with one man's invention more than 100 years ago ...

Important investment in Lamb Weston frozen food facility in Netherlands will add capacity and jobs

Important investment...

Lamb Weston / Meijer, a joint venture between US-based ConAg...

Thanksgiving Feast, a new line of kettle-cooked potato chips

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UK Potato Council says it is a record year for seed potato exports

UK Potato Council sa...

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Indian Government will procure 6,600 tones of potato from farmers

Indian Government wi...

The State Government announced its decision to procure 6,6...

Company launches a new solution for potato sprouting

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Seed Industry Event conference tackles key industry concerns

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Armenia registered an important growth in potato exports in 2014

Armenia registered a...

Armenian potato exports totaled about 20,600 tons, compared ...

Higher food prices and volatility in commodity markets are here to stay, according to a new report by the Organisation for Economic Co-operation and Development (OECD) and the UN Food and Agriculture Organisation (FAO).

The OECD-FAO Agricultural Outlook 2011-2020 says that a good harvest in the coming months should push commodity prices down from the extreme levels seen earlier this year. However, the Outlook states that over the coming decade real prices for cereals could average as much as 20% higher and those for meats as much as 30% higher, compared to 2001-10. These projections are well below the peak price levels experienced in 2007-08 and again this year.

Higher prices for commodities are being passed through the food chain, leading to rising consumer price inflation in most countries. This raises concerns for economic stability and food security in some developing countries, with poor consumers most at risk of malnutrition, the report says.

"While higher prices are generally good news for farmers, the impact on the poor in developing countries who spend a high proportion of their income on food can be devastating," said OECD Secretary-General Angel Gurría. "That is why we are calling on governments to improve information and transparency of both physical and financial markets, encourage investments that increase productivity in developing countries, remove production and trade distorting policies and assist the vulnerable to better manage risk and uncertainty."

FAO Director General Jacques Diouf said: "In the current market context, price volatility could remain a feature of agricultural markets, and coherent policies are required to both reduce volatility and limit its negative impacts. The key solution to the problem will be boosting investment in agriculture and reinforcing rural development in developing countries, where 98% of the hungry people live today and where population is expected to increase by 47% over the next decades." Action should focus in particular on smallholders in low-income food-deficit countries, he added.

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