World Agrinews

The FAO Food Price Index (FFPI) stood at 119.1 points in April 2024, up 0.3 points (0.3 percent) from its revised March level, as an increase in the price index for meat and smaller upturns of vegetable oil and cereal indices slightly more than offset decreases in those for sugar and dairy products.

Wine output in Italy looks set to fall 12% this year to below 44 million hectolitres after extreme weather and fungal diseases severely hit vineyards, Italian wine lobbies UIV and Assoenologi said on Tuesday.

India’s edible oil imports in July rose to a record 1.76 million tons as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, dealers said to Reuters.

• To stay on track for no more than 1.5 ̊ global warming, agriculture must slash its emissions by nearly 80%, according to a new report from McKinsey & Company.
• Farmers play a critical role in this process, but financial and other burdens stand in the way of wide-scale adoption of many of the technologies needed to decarbonize the sector.
• A number of measures for decarbonization can assist farmers and at the same time create real business value for others in the agrifood value change, including policymakers, industry players and investors.