fao wheat rice harvests headed for record high
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

FAO: Wheat, rice harvests headed for record high

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice FAO: Wheat, rice harvests headed for record high

Rice production has received a great boost from abundant monsoon rains in Asia and output rises in Africa
Rome - Arab Today

The world’s wheat and rice producers are headed for a record harvest this year, drastically reducing the global food bill as prices fall, the FAO said.
Overall cereal production is projected to rise by 1.5 percent this year from 2015, the UN’s Food and Agriculture Organization said in its food outlook.
The bumper output will boost food inventories and bring prices down, pushing down the value of total food imports by 11 percent in US dollar terms “as lower bills for livestock products and cereal-based foodstuffs more than offset higher bills for fish, fruit and vegetables, oils and particularly sugar,” it said.
However many poorer nations will fail to benefit from the windfall, the FAO warned, because their currencies have weakened, eliminating the benefits of cheaper food through a worsening exchange rate.
Global wheat production increases are being led by India, the US and Russia, which is “poised to overtake the European Union as the grain’s largest exporter.”
Meanwhile, rice production has received a great boost from abundant monsoon rains in Asia and output rises in Africa, adding to record crops for coarse grain in the US, Argentina and India.
Futures prices on the Chicago market for wheat and maize, which is seeing a recovery in output, have fallen by over 16 percent since the start of the year in anticipation of the supply increases, the FAO noted, while rice price quotes are at their lowest since 2008.
Production of cassava, a staple crop in Africa, is projected to rise by 2.6 percent this year.
Soybeans and other oilcrops could reach a production record this year, although supply is being outstripped by surging demand, the FAO said.

Source: Arab News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fao wheat rice harvests headed for record high fao wheat rice harvests headed for record high

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fao wheat rice harvests headed for record high fao wheat rice harvests headed for record high

 



GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 12:47 2017 Thursday ,09 February

Furyk adjusts selection criteria for US Ryder Cup team

GMT 20:08 2017 Monday ,18 September

Dubai needs additional 1,000 hospital beds

GMT 20:13 2017 Tuesday ,19 September

Nadal maintains No.1 spot in ATP rankings

GMT 04:10 2017 Sunday ,24 December

Philippines storm death toll climbs to 182

GMT 12:40 2012 Wednesday ,15 August

Big snow in Eastern US cities

GMT 12:12 2012 Thursday ,17 May

Mark Zuckerberg created a seemingly perfect home

GMT 15:02 2017 Saturday ,17 June

Bahrain, Saudi Arabia, UAE respond

GMT 22:51 2017 Tuesday ,24 January

At least 40 dead in battle for Yemen port

GMT 08:54 2016 Saturday ,17 December

Venezuela cash crisis sparks looting, protests
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice