The drought in the US has caused a spike in global food prices, with corn, wheat, and soy prices rising nearly 50% since early June. The US produces about 40% of the world's corn and the drought is the worst in over 50 years, affecting 60% of the country. This has exacerbated global food price inflation, driven higher by a stronger dollar. Analysts expect prices to continue rising through September before easing, but high volatility in food prices may be the new normal due to increasing demand, climate change impacts on supply, and biofuel substitution of crops. Adaptation is needed through strategic reserves and aid to food insecure countries.
Seth Meyer and Joseph Glauber
POLICY SEMINAR
Global commodity prices and food security: Navigating new challenges and learning from the past
MAR 9, 2022 - 9:30 TO 11:30AM EST
Robert Johansson
SPECIAL EVENT
Discussion on the Key Findings of FAO’s 2019 State of Food Security and Nutrition in the World Report
Co-Organized by FAO North America and IFPRI
JUL 18, 2019 - 12:15 PM TO 01:45 PM EDT
State of Food Security and Nutrition in the World (SOFI) 2021Francois Stepman
2021 The State of Food Security and Nutrition in the World Report: “Transforming food systems for food security, improved nutrition, and affordable healthy diets for all”
The State of Food Security and Nutrition in the World is an annual flagship publication series that monitors progress towards globally agreed food security and nutrition targets, presenting and analyzing global, regional and country-level trends, and providing in-depth analyses on emerging issues to inform decision making and contribute to the achievement of ending hunger, food insecurity and malnutrition in all its forms.
The 2021 edition of The State of Food Security and Nutrition in the World provides the latest updates and trends in food security and nutrition, and offers some indication of what hunger would look like by 2030, in a scenario further complicated by the enduring effects of COVID-19.
John Baffes
POLICY SEMINAR
Global commodity prices and food security: Navigating new challenges and learning from the past
MAR 9, 2022 - 9:30 TO 11:30AM EST
Jean Chrysostome Ngabitsinze
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
Rob Vos
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
Seth Meyer and Joseph Glauber
POLICY SEMINAR
Global commodity prices and food security: Navigating new challenges and learning from the past
MAR 9, 2022 - 9:30 TO 11:30AM EST
Robert Johansson
SPECIAL EVENT
Discussion on the Key Findings of FAO’s 2019 State of Food Security and Nutrition in the World Report
Co-Organized by FAO North America and IFPRI
JUL 18, 2019 - 12:15 PM TO 01:45 PM EDT
State of Food Security and Nutrition in the World (SOFI) 2021Francois Stepman
2021 The State of Food Security and Nutrition in the World Report: “Transforming food systems for food security, improved nutrition, and affordable healthy diets for all”
The State of Food Security and Nutrition in the World is an annual flagship publication series that monitors progress towards globally agreed food security and nutrition targets, presenting and analyzing global, regional and country-level trends, and providing in-depth analyses on emerging issues to inform decision making and contribute to the achievement of ending hunger, food insecurity and malnutrition in all its forms.
The 2021 edition of The State of Food Security and Nutrition in the World provides the latest updates and trends in food security and nutrition, and offers some indication of what hunger would look like by 2030, in a scenario further complicated by the enduring effects of COVID-19.
John Baffes
POLICY SEMINAR
Global commodity prices and food security: Navigating new challenges and learning from the past
MAR 9, 2022 - 9:30 TO 11:30AM EST
Jean Chrysostome Ngabitsinze
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
Rob Vos
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
Alison Bentley and Jason Donovan
POLICY SEMINAR
Global commodity prices and food security: Navigating new challenges and learning from the past
MAR 9, 2022 - 9:30 TO 11:30AM EST
Bart Minten
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
Sikandra Kurdi
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
Johan Swinnen
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
South Africa is food secure at the national level, but household food insecurity is pervasive and rising concern. This presentation provides an overview of food security in South Africa vis-a-vis the rest of the world and supplies a summary of legislative and policy interventions underway to address hunger at the household level.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
anric blatt, lauralouise duffy, global fund exchange, earth wind & fire fund, investing in agriculture, investing in water, investing in the future of energy
Inbal Becker-Rashef
POLICY SEMINAR
Global commodity prices and food security: Navigating new challenges and learning from the past
MAR 9, 2022 - 9:30 TO 11:30AM EST
Policy Seminar presentation by Per Pinstrup-Andersen, Cornell University at IFPRI Policy Seminar on "Policymakers’ Responses to Food Price Crises" May 3, 2013
Constantly rising wheat crop estimates, record large global stocks of cereals in total and mostly ‘yield-friendly’ weather in the Northern hemisphere have continued to erode grain prices over the past month, resulting in US wheat trading near 10-year lows.
Grain & feed markets have been volatile in the past month, futures prices initially rising sharply on ‘outside’ buying, then dropping back again under the weight of more bearish supply news - with the notable exception of soya.
Alison Bentley and Jason Donovan
POLICY SEMINAR
Global commodity prices and food security: Navigating new challenges and learning from the past
MAR 9, 2022 - 9:30 TO 11:30AM EST
Bart Minten
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
Sikandra Kurdi
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
Johan Swinnen
POLICY SEMINAR
Retail food prices at the country level and implications for food security
How are rising food prices, further aggravated by the invasion of Ukraine, being transmitted at the country level?
MAR 29, 2022 - 9:30 TO 11:00AM EDT
South Africa is food secure at the national level, but household food insecurity is pervasive and rising concern. This presentation provides an overview of food security in South Africa vis-a-vis the rest of the world and supplies a summary of legislative and policy interventions underway to address hunger at the household level.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
anric blatt, lauralouise duffy, global fund exchange, earth wind & fire fund, investing in agriculture, investing in water, investing in the future of energy
Inbal Becker-Rashef
POLICY SEMINAR
Global commodity prices and food security: Navigating new challenges and learning from the past
MAR 9, 2022 - 9:30 TO 11:30AM EST
Policy Seminar presentation by Per Pinstrup-Andersen, Cornell University at IFPRI Policy Seminar on "Policymakers’ Responses to Food Price Crises" May 3, 2013
Constantly rising wheat crop estimates, record large global stocks of cereals in total and mostly ‘yield-friendly’ weather in the Northern hemisphere have continued to erode grain prices over the past month, resulting in US wheat trading near 10-year lows.
Grain & feed markets have been volatile in the past month, futures prices initially rising sharply on ‘outside’ buying, then dropping back again under the weight of more bearish supply news - with the notable exception of soya.
Rising food prices played an important role in the acceleration of inflation across Asia and the Pacific
region during 2007 and the early months of 2008. Not only is food price inflation the most regressive of all
taxes, it also leads to lower growth and accentuation of income inequality.
Bangladesh’s Rice production is right on the equilibrium between demand and supply. However, this is a notable achievement for Bangladesh. Yet, in order to maintain this achievement and growing, Bangladesh has to immediately address the population issue, adopt policy to strict the conversion of arable land to non-arable activities, to have focused usage policy of natural gas adhered to agriculture, and moreover finding new technology for irrigation and replacing the usage of underground water. Unless, these issues are addressed in immediate effect, today’s Food Security in Bangladesh may not prevail for long.
MORE good news this month for feed raw material consumers’ costs: The world supply outlook for maize seems to be getting looser by the month, pushing prices down to yet more historical (33-month) lows as we go to press. Not only has the US crop turned out even bigger than expected in our last review; the second largest consumer of maize, China, now appears to be using considerably less than estimated earlier. Top outlet for maize, the USA might also need less than expected as we move into 2014 after proposals to roll back targets for renewable fuel use.
FUNDAMENTALS have tipped further in favour of the grain and feed consumer since our April review as an ever loosening new crop supply outlook promises an extended period of cost restraint. Until recently, the popular view among analysts had been for an inevitable decline in crop yields from last year’s above normal levels and, in several key supplier countries, some cutback in sowings in response to this season’s grain surpluses and low prices. But it was also assumed the massive stocks carried over from the current season of plenty would cushion the forward market against the crop decline – so no reason for any drastic price increases.
Agcapita is Canada's only RRSP and TFSA eligible farmland fund and is part of a family of funds with almost $100 million in assets under management. Agcapita believes farmland is a safe investment, that supply is shrinking and that unprecedented demand for "food, feed and fuel" will continue to move crop prices higher over the long-term. Agcapita created the Farmland Investment Partnership to allow investors to add professionally managed farmland to their portfolios.
Forecasting prices even one year ahead can be a hazardous business. That applies especially to markets so dominated by that most unpredictable element of weather and, increasingly these days; the sometimes even more capricious influence of global economic trends – trade and GDP growth, currency volatility, the price of crude oil, etc.
CROP farmers anxiously watching prices fall to ever less remunerative levels have had further unwelcome news over the past couple of months from yet higher cereal and oilseed crop estimates across the Northern Hemisphere.
The International Grains Council’s 24th annual conference, held in London on 9 June 2015, brought together some 300 traders, policymakers and other industry professionals. Meeting under the theme “Building on success, responding to challenges,” delegates from 48 countries gathered to assess the recent shifts in market fundamentals, which has seen global grains and oilseeds inventories build to near-record levels, with prices dropping to multi-year lows. As well as being a key forum for the exchange of views, the conference provided a valuable networking opportunity, bringing together a unique mix of participants from private and public sectors.
QNBFS Daily Market Report December 24, 2023QNB Group
The QE Index rose 0.8% to close at 10,285.3. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.4% and 1.2%, respectively.
QNBFS Daily Market Report October 04, 2023QNB Group
The QE Index rose 0.2% to close at 10,273.3. Gains were led by the Transportation and Consumer Goods & Services indices, gaining 1.7% and 0.1%, respectively.
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 24, 2023QNB Group
The QE Index rose 0.3% to close at 10,323.0. Gains were led by the Transportation and Industrials indices, gaining 0.8% each. Top gainers were Qatar Navigation and Al Khaleej Takaful Insurance Co., rising 3.3% and 2.0%, respectively.
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 17, 2023QNB Group
The QE Index declined 0.5% to close at 10,319.3. Losses were led by the Industrials and Consumer Goods & Services indices, falling 1.4% and 1.1%, respectively.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to
sustain its breakout above the
double-bottom formation’s
neckline and continued with
its decline into the
formation’s territory.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
Drought in the us causes sudden spike in food prices
1. QNB Economics
economics@qnb.com.qa
04 August 2012
Drought in the US causes sudden spike in food prices
The sudden onset of a serious drought across much of Moreover, 55% of land used for animal raising is in
the US has caused a major spike in food commodity poor or very poor condition.
prices. This is the third spike in food prices in four
years. If it continues, there are concerns that it could Food prices (% change since 1 June 2012)
threaten food security in some countries, with (Closing prices for September 2012 futures contracts)
destabilising effects on society, as was the case with 60% Wheat
the last two price spikes in summer 2008 and early Corn 54%
2011. Much will depend on the quality of harvests Soy
50% 47%
elsewhere in the world, according to QNB Group.
The US is one of the world’s largest food producers, 40%
particularly of corn where it grows about 40% of the
global crop, and is a major exporter. This is why a 31%
poor harvest in the US can have serious global 30%
25%
consequences.
20%
Concerns about the US drought briefly pushed three
key foods—corn, wheat and soy—to record prices on
July 20th, of $8.28, $9.44 and $17.77 per bushel, 10%
respectively. Most prices have eased slightly from that
peak in the last few weeks, but remain elevated,
although corn remains around the peak level. At the 0%
end of July, futures contracts for September delivery 3 Jun 17 Jun 1 Jul 15 Jul 29 Jul
of wheat and corn were nearly 50% above their levels Source: Chicago Board of Trade and QNB Group analysis
at the start of June, while soy was about 25% higher.
The markets have been fluctuating in recent weeks on
According to QNB Group, the high prices are the basis of rain forecasts. However, even if there was
exacerbated in many countries by the strength of the substantial rainfall, it is now probably too late to
US dollar. The benchmark index of the dollar against revive the corn crop, as it has passed its pollination
six major currencies is about 15% higher than it was in stage, although the soy crop might yet be revived.
July 2008. This makes the cost of food commodities
even higher in countries whose currencies have Elsewhere in the world, the important wheat growing
depreciated against the dollar. regions in Russia and Ukraine are facing a second dry
year, adding to the upward pressure on prices.
The problems with the US harvest have been brewing Meanwhile, floods in parts of Asia have been
for some time, as the entire 2011-12 agricultural year threatening the rice harvest, although the key Chinese
has been unusually dry. Conditions had been expected harvest looks healthy.
to improve during the summer growing season.
However, by late June it was becoming clear that this A recent poll of commodity analysts suggests that
was going to be an extremely hot and dry summer, as prices are expected to increase to new highs in August
also evidenced by the large number of wildfires across and September. Thereafter, prices are expected to ease
the country. off after the US harvest as attention shifts to the
southern hemisphere, particularly Brazil, which
The drought, centred on the nation’s Midwest food harvests at a different time of year. A positive factor
basket, is now thought to be the worst in over half a that may put a brake on prices is that global cereal
century. It currently affects 60% of the country, stocks are around 515m tons, about 23% higher than
including 78% of the corn-growing regions, according they were during the 2008 food price spike, according
to the weekly US Drought Monitor. As a result, 30% to FAO estimates.
of the corn crop is in poor or very poor condition.
1
2. QNB Economics
economics@qnb.com.qa
So far, the spike in certain food futures prices has not developing strategic reserves and providing assistance
yet been fully reflected in actual sales prices, nor has it to the poorest and most food insecure countries.
spread into other types of food. Indeed, the global food
price index produced by the UN Food and Agricultural
Organisation (FAO) was at its lowest in nine months
in June, and well below its peak level. However, the
price rises should feed through into the cereals
component of that index in the next few months.
Moreover, high crops prices will increase the prices of
meat and dairy, after a lag time, because of the higher
costs of animal feed.
QNB Group argues that the experience of recent years
suggests that high and volatile food prices may be the
new normal. This is a result of a range of factors
including growing demand from an increasingly
affluent global middle class, as well as the substitution
of some crops from food to biofuels. On the supply
side, the instances of both droughts and floods appear
to be increasing as a result of climate change.
Speculation in the futures markets may also be a
factor, although its significance is debated.
The world needs to find new mechanisms to adapt to
the changing food situation, increasing production,
2