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Growing numbers of people in Asia lack enough to eat as food insecurity rises with higher prices and worsening poverty, according to a report released Tuesday by the Food and Agricultural Organisation and other United Nations agencies. Nearly a half-billion people, more than eight in 10 of them in South Asia, were undernourished in 2021 and more than 1 billion faced moderate to severe food insecurity, the report said. For the world, the prevalence of food insecurity rose to more than 29 per cent in 2021 from 21 per cent in 2014. The COVID-19 pandemic was a huge setback, causing mass job losses and disruptions, and the war in Ukraine has pushed up prices for food, energy and fertiliser, putting an adequate diet out of the reach of many millions, it said. The report is the fifth annual stocktaking on food insecurity and hunger by UN agencies including the FAO, UNICEF, World Health Organisation and World Food Programme. Over those years, progress toward alleviating hunger and ...
Global prices for food commodities like grain and vegetable oils were the highest on record last year even after falling for nine months in a row, the U.N. Food and Agriculture Organization said, as Russia's war in Ukraine, drought and other factors drove up inflation and worsened hunger worldwide. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, dipped by 1.9% in December from a month earlier, the Rome-based organization said Friday. For the whole year, it averaged 143.7 points, more than 14% above the 2021 average, which also saw large increases. The December decline was led by a drop in the price of vegetable oils amid shrinking import demand, expectations of increased soy oil production in South America and lower crude oil prices. Grain and meat were also down, while dairy and sugar rose slightly. Calmer food commodity prices are welcome after two very volatile years, FAO chief economist Maximo Torero said in
World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, according to Food and Agriculture Organisation of the United Nations.The FAO Food Price Index averaged 107.5 points in December, 2.2 per cent higher than in November. Over the whole of 2020, the benchmark index -- which tracks monthly changes in the international prices of commonly-traded food commodities -- averaged 97.9 points, a three-year high and a 3.1 per cent increase from 2019 although still more than 25 per cent below its historical 2011 peak.The FAO Cereal Price Index rose 1.1 per cent from November and for all of 2020 averaged 6.6 per cent above the level of 2019. Export prices for wheat, maize, sorghum and rice all rose in December, moving higher in part due to concerns over growing conditions and crop prospects in North and South America as well as the Russian Federation.On an annual basis, rice export prices were 8.6 per cent higher in 2020 than in 2019, while .
Select agri and agri-based commodities like meat, milk and fruits, among others, present export opportunity worth over USD 97 billion (about Rs 6.9 lakh crore) for India, as per data from the Food & Agriculture Organisation. India's export share in agri items such as bananas, oranges, chicken, meat, and milk products like cheese and butter milk is miniscule at present, the data showed. The country's share in the global market for 19 commodities was a miniscule 1.5 per cent, or around USD 1.5 billion (about Rs 10,650 crore), in 2017 against a potential of USD 97 billion, the World Trade Centre said in a statement on Thursday quoting the FAO data released recently. While global market for meat and chicken is a whopping USD 20.6 billion, the country's export share is only 4.04 per cent of this. Similarly, global market for bananas is close to USD 15 billion wherein India's share is a paltry USD 480 million, the statement said. Butter and cow milk provide a USD 8 billion opportunity,