See also:
» 27.01.2010 - ‘Agriculture makes good business sense’ – IFAD
» 27.01.2010 - ‘Agriculture makes good business sense’ – IFAD
» 22.12.2009 - Tea prices to stabilise with normal weather in 2010
» 14.12.2009 - Experts discuss ways to strengthen poor nations' agriculture
» 30.11.2009 - Agricultural research reduces poverty in sub-Saharan Africa
» 30.11.2009 - FAO declares victory over rinderpest
» 19.11.2009 - Developing countries urged to make agriculture a funding priority
» 19.11.2009 - FAO chief regrets no measurable targets adopted to fight hunger

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Africa | World
Agriculture - Nutrition | Politics | Economy - Development

Global crisis impact to dampen benefits of good cereal yields, FAO

afrol News, 25 February - Falling prices of consumer goods are not likely to be realised due to other effects of the global economic crisis, especially on the poor nations, such as job and income losses, the UN Food and Agriculture agency (FAO) has said in a report today.

Fao said the consumer cost of rice, a staple for much of the world, could fall this year as a result of a bumper harvest in 2008, but cautioned that the negative impact of the global economic downturn and the resulting loss of jobs and income could outweigh the benefits of lower prices for the poorest consumers.

Last year’s rapid increases in the price of rice and other cereals played a major role in the food crisis, characterised by high fuel and fertilizer prices that triggered political unrest in many countries, particularly in the developing world, the agency noted.

“One positive effect of the high rice prices in 2008 was that farmers and governments took up the challenges and opportunities and planted more, boosting production despite high fuel and fertilizer costs and a scarcity of quality seed,” said FAO Senior Economist Concepcion Calpe.

The FAo report points out that favourable weather conditions also helped to boost harvests despite high fuel and fertilizer prices. A variety of government measures designed to dampen the effects of soaring prices on the poor also contributed to high yields.

“If last year [governments] had to intervene on two conflicting fronts, both to stimulate rice production and to keep rice affordable to consumers, they may face even greater challenges in 2009 in the context of the severe global economic slowdown,” the FAO warned in its February Rice Market Monitor report.

“In this context, governments may again have to intervene, this time to sustain rice producer prices while also protecting the purchasing power of their populations, at a moment when demands for public help from other sectors are quickly intensifying,” it added.

In its report, FAO predicted global paddy production to rise to 683 million tons in the 2008 season, a 3.5 per cent increase on the previous year and the fastest rate of growth for three years.

The increase in the amount of rice, the staple food for around 2.5 billion people globally, is due to an over two per cent expansion in the amount of land cultivated globally as farmers and governments reacted to soaring prices in 2008.

FAO reported that global rice prices ended last year 80 per cent higher on average than in 2007, and the price of a ton of the benchmark Thai white 100 per cent second grade was $611 in January 2009 compared to $385 in the same month in 2008 having risen to a peak of $963.

Although lower prices are good for consumers, export prices below $400 per ton for top quality white rice could adversely affect producers and hamper polices geared towards self-sufficiency in many importing countries, FAO said.

- Create an e-mail alert for Africa news
- Create an e-mail alert for World news
- Create an e-mail alert for Agriculture - Nutrition news
- Create an e-mail alert for Politics news
- Create an e-mail alert for Economy - Development news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at