News Update

PM to hold roadshow in Puri on MondayViolations of economic sanctions: Criminal penalties come into forceBengaluru Customs nabs 4 pax with gold powder worth Rs 1.96 CroreKejriwal’s assistant put in police custody for 5 days in Swati Maliwal caseAllahabad HC upholds decision to dismiss judicial officer demanding dowryNawaz Sharif alleges former Chief Justice plotted to oust him as PM in 2017Heavy downpours claim 50 lives in Central AfghanistanSoaring funeral costs compelling people to let go bodies unclaimed in Canada9 pilgrims burnt to death as bus catches fire near Nuh in HaryanaSpain denies dock permission to Indian ship carrying arms to Israel12 Unicorns, over 125 startups commit to onboarding ONDCBEML secures Rs 250 crore order from Northern Coal FieldsBharat Parv celebration takes centerstage at Cannes Film FestivalSteel industry should work towards reducing emissions: Steel SecretaryI-T - Additions framed on account of unexplained cash credit & unexplained money, are not tenable where cash deposits & withdrawals were of personal funds & were done through banking channels: ITATUS says not too many vibrant democracies in the world than IndiaI-T - Benefit of section 11(2) can not be denied merely on reasoning that form 10 is filed belatedly: ITATIndia says Chabahar Port to benefit Central Asia and AfghanistanRussia seizes Italy’s UniCredit assets worth USD 463 mnCus - Order re-determining transaction value based on CRCL test report is not correct & hence unsustainable: CESTATCus - If price is not sole consideration for sale, then transaction value can be rejected under Rule 8 of Export Valuation Rules & then must be redetermined sequentially through Rules 4 to 6: CESTATSC upholds ICAI rules capping number of audits per year
 
World cereal production set to reach historic high in 2013: FAO

By TIOL News Service

NEW YORK, JULY 14, 2013: GLOBAL cereal production is expected to increase by 7 per cent in 2013 compared to last year, the United Nations food agency has said, but warned that in spite of a boost in supply, various regions including Central Africa, West Africa and Syria are still affected by food insecurity.

In its Crop Prospects and Food Situation report, the Food and Agriculture Organization (FAO) forecasts that cereal production this year will reach 2,479 million tonnes, a new record level.

Wheat, coarse grains and rice production are all expected to expand, which will help replenish global supplies of cereal and stabilize markets over the next year, the report says.

However, the report warns that many developing countries are still affected by food insecurity. In particular, the report focuses on various countries where conflict is preventing the population from satisfying their food needs.

In Syria, wheat production dropped significantly this year due to the escalating conflict in the country. The livestock sector has also been severely affected, and the report estimates that some 4 million people are facing severe food insecurity.

In Egypt, civil unrest and dwindling foreign exchange reserves are also raising serious food security concerns.

Conflict has also affected food security in the Central African Republic (CAR) and the Democratic Republic of the Congo (DRC).

In the Sahel, which has previously experienced famine, the overall food situation is favourable in most parts of the region, the report said, due to an above-average 2012 cereal harvest. In spite of this, a large number of people are still affected by conflict and the lingering effects of the 2011-2012 food crisis.

In East Africa, serious concerns remain in conflict areas in Somalia, the Sudan, and South Sudan, with 1 million, 4.3 million and 1.2 million food insecure people, respectively.

In Madagascar, damage caused by locusts and a cyclone is expected to reduce crop production in 2013, causing increased hunger, especially in the southern and western regions of the country.

In the Democratic People's Republic of Korea (DPRK), despite an improved cereal harvest in the 2012 season, chronic food insecurity continues, with an estimated 2.8 million vulnerable people requiring food assistance until the next harvest in October.

In total, there are 34 countries requiring external food assistance, of which 27 countries are in Africa, the report stated.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.