Archive for July 9th, 2021

ROME, ITALY — For the first time in 12 months global commodity prices slipped in June, according to the Food and Agricultural Organization (FAO).

The FAO’s Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities and was released on July 8, averaged 124.6 points in June 2021, down 2.5% from May, but still 33.9% higher than its level in the same period last year.

The FAO Cereal Price Index decreased 2.6% from May but remained ...

ISLAMABAD, PAKISTAN — An increase in planted area and government support for an increase in minimum support price is expected to push Pakistan’s wheat production to a new record, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA).

Wheat production is expected to be 27 million tonnes in the 2021-22 marketing year, an 8% increase over the 25 million tonnes produced in the previous year.

The Pakistani government has approved the import of up to ...

LONDON, ENGLAND — Wheat planted area in Britain is forecast to expand by 26% in 2021 to 1.74 million hectares, according to a survey issued by the Agriculture and Horticulture Development Board (AHDB) on July 8.

AHDB noted that sowing conditions for wheat, which is planted in the fall, are more favorable than a year ago, when many farmers shifted to planting barley in the spring.

The survey noted that wheat planted area for 2021 is in line with the five-year average.

With ...