World Agrinews

Egypt is set to become the world's largest importer of wheat, but its ability to do this is likely to face severe pressure amid the declining value of the Egyptian pound.

The Commission proposes to mobilise additional EU funding for EU farmers impacted by adverse climatic events, high input costs, and diverse market and trade related issues. The new support package will consist of €330 million for 22 Member States. In addition, Member States today approved the €100 million support package for farmers in Bulgaria, Hungary, Poland, Romania and Slovakia presented on 3 May. Several other measures, including a possibility of higher advance payments should support farmers affected by adverse climatic events.

Australia's production of winter crops is set to fall from record highs, with wheat output seen declining more than 30%, the country's agricultural department said, as forecasters predict dryness due to the El Nino weather pattern.

Australia is the world's second largest wheat exporter, supplying mainly to buyers in Asia, including China, Indonesia and Japan.

The number of people experiencing acute food insecurity and requiring urgent food, nutrition and livelihood assistance increased for the fourth consecutive year in 2022, with over a quarter of a billion facing acute hunger and people in seven countries on the brink of starvation, according to the latest Global Report on Food Crises (GRFC).

The annual report, produced by the Food Security Information Network (FSIN), was launched by the Global Network Against Food Crises (GNAFC) - an international alliance of the United Nations, the European Union, governmental and non-governmental agencies, working to tackle food crises together.