10 Oct '11, 12pm

Report Sees Tight Global Cereal Markets

Reuters Women awaiting food in the Somali capital, where shortages are exacerbated by political conflict. For some Americans, fall is traditionally a season of celebrating the harvest and anticipating a groaning Thanksgiving table. Globally, it’s also the time of year for some important reports on cereal markets and food security. The United Nations Food and Agriculture Organization just published a quarterly assessment titled “Crop Prospects and Food Situation.” It predicts that world cereal markets will stay tight in 2011-12 despite some better-than-expected recent predictions for wheat and rice. Those crops are expected to boost global cereal production modestly, to 2.31 billion tons. Demand for cereals is predicted to increase only slightly — by 1.3 percent, to 2.302 billion tons — in 2011-12. After record high prices earlier in the year kindled fears of food riots, ce...

Full article: http://green.blogs.nytimes.com/2011/10/10/report-sees-tig...

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