BizKnowledge Watch

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The Food and Agriculture Organization (FAO) of the UN has just launched its latest Crop Prospects and Food Situation Report, which warns about the effects that high food prices are having on millions of people in developing countries. Among the causes of the rising food prices, the report listed reduced harvest, higher or delayed imports, civil conflict, strong demand in neighboring countries and regional trade flows, devaluation of national currencies, changes in food and trade policies, increased incomes and demand, and transport constraints and higher transport costs. The good news is that the outlook for world cereal supply and demand remains satisfactory. Despite this, 30 countries around the world are still in crisis and require assistance as a result of natural disasters, conflict or insecurity, and economic problems.

This entry was posted on Friday, July 24th, 2009 at 7:10 am and is filed under Economics & Statistics. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site. Your comments will appear immediately, but I reserve the right to delete innapropriate comments.