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According to the Crop Prospects and Food Situation reported by the Food and Agriculture Organization (FAO), the global supply of cereal this year will surpass the 2012 level. The report coincides with the release of the Food Price Index, showing a drop in global food prices for the fifth straight month.
The United States, the world’s largest maize producer, contributes to much of the increase, as it is expected to harvest 348 million tones of maize crop, 27 per cent higher than the previous year.
The quarterly report also highlights several food insecurity hotspots which include Syria, North Korea, Northern Mali, the Central African Republic, the Democratic Republic of the Congo, Somalia, Sudan and South Sudan.
The Food Price Index, which measures the monthly change in the international prices of a basket of 55 food commodities, dropped for the fifth month in a row in September. It is mainly driven by a sharp fall in the international prices of cereals, but the prices of dairy, oils, meat and sugar rose slightly.
The United States, the world’s largest maize producer, contributes to much of the increase, as it is expected to harvest 348 million tones of maize crop, 27 per cent higher than the previous year.
The quarterly report also highlights several food insecurity hotspots which include Syria, North Korea, Northern Mali, the Central African Republic, the Democratic Republic of the Congo, Somalia, Sudan and South Sudan.
The Food Price Index, which measures the monthly change in the international prices of a basket of 55 food commodities, dropped for the fifth month in a row in September. It is mainly driven by a sharp fall in the international prices of cereals, but the prices of dairy, oils, meat and sugar rose slightly.