Crops

World food prices fell 2 per cent in September, reflecting higher grain supplies and weakened demand, according to FAO.

In 2010, just 15 years after the first biotech crops were commercialized, farmers in 29 countries planted and produced biotech crops on 148 million hectares (366 million acres), according to a report published earlier this year by the International Service for the Acquisition of Agri-biotech Applications (ISAAA).

The International Fertilizer Industry Association (IFA) recently released its medium-term Fertilizer Outlook 2011-2015. The report clearly highlights the interdependence of the fertilizer industry and the agricultural sector.

Higher food prices and volatility in commodity markets are here to stay, according to a new report by the OECD and FAO.