World Grain - July 2011 - 19

newsreview
FAO says higher commodity prices here to stay
PARIS, FRANCE and ROME, ITALY — Higher food prices and volatility in commodity markets are here to stay, according to a new report by the Organization for Economic Co-operation and Development (OECD) and United Nation’s Food and Agricultural Organization (FAO) issued on June 17. The OECD-FAO Agricultural Outlook 2011-2020 said that a good harvest in the coming months should push commodity prices down from the extreme levels seen earlier this year. However, the outlook states that over the coming decade real prices for cereals could average as much as 20% higher and those for meats as much as 30% higher, compared to 2001-10. These projections are well below the peak price levels experienced in 2007-08 and again this year. Higher prices for commodities are being passed through the food chain, leading to rising consumer price inﬂation in most countries. This raises concerns for economic stability and food security in some developing countries, with poor consumers most at risk of malnutrition, the report says. The report suggests, among other things, that G20 countries take steps to boost agricultural productivity in developing countries, reduce or eliminate trade-distorting policies and establish a new mechanism to improve information and transparency on agricultural production, consumption, stocks and trade. Per-capita food consumption will expand most rapidly in Eastern Europe, Asia and Latin America, where incomes are rising and population growth is slowing. Meat, dairy products, vegetable oils and sugar should experience the highest demand increases, according to the report. By 2015, aquaculture is projected to surpass capture ﬁsheries as the most important source of ﬁsh for human consumption and by 2020 should represent about 45% of total ﬁshery production, including non-food uses.

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NAMA to fund new milling position at KSU
WASHINGTON, D.C., U.S. — The North American Millers’ Association (NAMA) announced on June 13 the creation of a NAMA instructor of milling position at Kansas State University (KSU) to be funded by NAMA. “NAMA’s support of this new position shows the importance we place on the milling science program at KSU and our commitment to see it succeed,” said NAMA Milling Science and Operations Committee Chairman Breck Barton, Cereal Food Processors, Inc. The NAMA instructor will bring a high level of milling industry experience and expertise to teaching in classroom, laboratory and pilot mill settings that are part of the KSU Department of Grain Science and Industry Milling Science Management (MSM) program. The instructor will teach existing undergraduate courses and laboratory sections in milling/grain processing, equipment selection and maintenance, process and operations management, and related safety and regulatory issues in the MSM program. NAMA will participate in the search process that will begin this summer.
www.World-Grain.com / World Grain / July 2011

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World Grain - July 2011

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