Hiroyuki Konuma News
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Farmers from Australia to Europe to the U.S. are poised to reap the second-largest wheat crop on record as fields recover from drought and heat waves, boosting global stockpiles for the first time in four years.
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North Korea’s food shortages are worsening, with a drop in aid and a jump in food prices prompting a “rapid” rise in malnourished children and putting millions of others at risk, two United Nations agencies warned.
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Food prices may stabilize at high levels and keep government import bills near a record, increasing the risk of social unrest in the world’s least developed countries, the United Nations said.
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Grain demand in Japan, the world’s largest corn importer, is unlikely to decline even after an earthquake and tsunami damaged some of the nation’s ports and disrupted deliveries, the United Nations said.
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Myanmar will probably resume rice exports after the new harvest starts in April, according to the United Nations’ Food & Agriculture Organization.
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Global food prices will probably stay high in the next six months after drought in the U.S. and Russia cut grain supplies, said the United Nations.
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Record food prices are likely to be sustained this year because of high crude oil costs and smaller crops, said the United Nations Food & Agriculture Organization .
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Rice purchases by China, the largest producer, may soar fourfold this year after a government policy to support farm incomes drove up domestic prices, the United Nations said.
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Food prices may extend gains, driven by higher crude oil costs, said the United Nations Food & Agriculture Organization , leading to accelerating inflationary pressure from China to the U.S.
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The food sector is a priority for European competition authorities and oversight has increased since food prices started to climb in 2007, according to the European Commission, the 27-nation bloc’s executive arm.
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