Typhoon Haiyan, one of the most powerful storms on record tore through the Philippines on 8th November. With a confirmed death toll of 4,460, 4 million people displaced and 13 million people affected, the typhoon has undoubtedly caused widespread destruction and devastation. The destruction to the country’s agricultural sectors is becoming increasingly evident. An estimated 153,495 ha of crops have been damaged causing losses of $225 million and the livelihoods of over 1 million farmers adversely affected.
It is the best of times, it is the worst of times, it is the season of plenty, it is the season of famine – in short, it is that time when the positive medium term outlook for world agriculture is tempered by the “usual suspects.”
For the fourth month running, the FAO Food Price Index – a measure of the monthly change in the international prices of a basket of food commodities – dropped in August reaching its lowest level since 2012. The decline in the index was the result of sustained falls in the international prices of cereals and oils. Together with the Food Price Index, FAO also released a new forecast of world cereal production in 2013. In this forecast, world cereal production was raised to 2,492 million tonnes, up 14 million tonnes (or 0.5 percent) from the July forecast. The rise is predicted to be driven by an expansion of coarse grain output as well as a rise in wheat production. Paradoxically, as FAO was giving relatively favourable prospects for world agriculture, there was a mood of gloom and despondency in Kenya and Zimbabwe! Continue reading