OHANNESBURG, 8 November 2012 (IRIN) - After a year of severe droughts in major cereal-supplying countries, crop projections for 2013 bode ill for global stocks of wheat, maize and soybeans, warned the UN Food and Agriculture Organization (FAO). But the harm may be limited by a system established to prevent a repeat of the 2007-2008 food price crisis.
The year-old Agricultural Market Information System (AMIS), a G20 initiative exclusively covering the world’s biggest staple grain suppliers and consumers, seems to be working to prevent food price shocks.
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