Tag Archives: food prices

Food Exports and Imports Worldwide

Some countries are net exporters of food (their food exports are larger than their food imports) while others are net importers of food (their food imports are larger than their food exports).

Among the net exporters of food we find the majority of South American countries, with the exception of Venezuela and Suriname, the United States, Canada, Mauritania, Indonesia, Australia, and a few African countries such as Mauritania, Ivory Coast and Ghana. The largest net exporter of food, by far, is Argentina with $23.42 of food exports per every $1.00 of food imports. Argentina is followed by Brazil, New Zealand, Paraguay and Iceland.

Among the net importers of food we find countries such as Russia, Finland, Sweden, the UK, Italy, Germany, Portugal, Sudan, Cuba, Saudi Arabia, Japan, etc. The largest net food importer is Eritrea, with $0.01 of food exports per every $1.00 of food imports. Eritrea is closely followed by Venezuela, Turkmenistan, and Algeria.

Data for for both agricultural exports and imports are for 2010.

Source: Slate.com: Maps: Agriculture in the U.S. and Around the World

 

World Supply of Biggest Crops Decline and Food Prices Rise

The worst drought in fifty years has caused a decline in the stockpiles of crops such as corn, soybeans, rice and wheat, with the subsequent all-time increase in the prices of corn and soybeans. Good news for commodities investors.

The drought has also affected fuel and power production which, in turn, have a negative effect on food prices. Read more…

  1. Unfavourable weather behind the July rebound of the FAO Food Price Index – FAO Food Price Index [Food and Agricultural Organization of the United Nations]
  2. America’s disastrous corn harvest will hit world’s poor hardest [The Guardian]
  3. World food prices rising in response to drought damage in the US – Ole Hansen [TradingFloor.com]
  4. Global food reserves falling as drought wilts crops – Tony C. Dreibus and Elizabeth Campbell, Bloomberg [Futures Magazine]
  5. USDA slashes corn yield, production forecast – Bill Tomson [Market Watch]

 

U.S. Drought Conditions Still Severe – July 19, 2012

  1. Updated U.S. Drought Map (U.S. Drought Portal)
  2. Ag Secretary Tom Vilsack on the worst drought in decades- Interview by Jeremy Hobson (Marketplace.com)
  3. High Corn Prices Will Raise Food Prices (Live Trading News)
  4. How droughts will reshape the United States – Brad Plumer (Washington Post)
  5. Grain futures hit highs on drought – Dow Jones Newswires (Agriculture.com)
  6. As corn burns, excess ethanol credits help dampen demand – Jonathan Leff and Janet McGurty, Reuters (Cattle Network)