GLOBAL FOOD PRICES: UN REPORT

June 7, 2010 at 8:35 pm | Posted in Economics, Financial, Globalization, History, Research | Leave a comment

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GLOBAL FOOD PRICES PLUMMET

UN REPORTS

UNNews UNNews@un.org

New York, Jun 3 2010

GLOBAL FOOD PRICES PLUMMET UN REPORTS

Thu 3 Jun 2010

International prices of key food staples dropped in the first five months of this year, driven largely by plummeting prices of cereals and sugar, according to a new United Nations Food and Agriculture Organization (http://www.fao.org/ FAO) http://www.fao.org/docrep/012/ak349e/ak349e00.pdf report.

The FAO Food Price Index is the average of commodity prices, including meat and dairy averaged 164 points in May, down from 174 in January and substantially less than its peak of 214 reached in the spring of 2008.

Sugar prices have plunged by half from their peak earlier this year due to possible significant production increases.

But the Food Outlook report said that despite the fall in the Index, the cost of the typical food commodity basket globally today is still nearly 70 per cent higher than it was between 2002 and 2004.

The 2008-2009 food prices boom spurred plantings and production of many crops, which has resulted in a recovery in inventories and boosting stocks-to-use rations, a tendency likely to prevail in 2010/11, as per the publication http://www.fao.org/news/story/en/item/42790/icode/ said.

The global drop in prices, it cautioned, masks the ongoing high costs of food imports due mainly to higher expenditures on non-cereal products, including dairy products and vegetable oils.

The new report also predicted continued growth in cereals, with world production this year on target to match the record set in 2008.

Jun 3 2010

For more details go to:

UN News Centre at http://www.un.org/news

GLOBAL FOOD PRICES PLUMMET UN REPORTS

New York Jun 3 2010

UNNews UNNews@un.org

UN News Centre at http://www.un.org/news

Jun 3 2010

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INFLATION TARGETING: CENTRAL BANKS

June 7, 2010 at 6:10 pm | Posted in Economics, Financial, Research, USA | Leave a comment

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Federal Reserve Bank of San Francisco (FRBSF)

Researchpubs.sf@sf.frb.org

FRBSF Economic Letter:

The “Inflation” in Inflation Targeting

by Richard Dennis

Mon 6/07/10

The “Inflation” in Inflation Targeting

Many central banks conduct monetary policy according to an inflation targeting framework, which requires that some measure of inflation be chosen as the target.

One approach would be to use an index of goods and services whose prices are market determined and not subject to frequent, idiosyncratic, and transitory changes. That could be an index based on the personal consumption expenditures prices of services and durable goods, excluding nondurable goods, similar to but distinct from the U.S. core personal consumption expenditures price index.

Download attached pdf or read full article

Index of recent Economic Letters

Federal Reserve Bank of San Francisco (FRBSF)

Researchpubs.sf@sf.frb.org

FRBSF Economic Letter: The “Inflation” in Inflation Targeting

by Richard Dennis

Mon 6/07/10

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SUPERVISION REGULATION AND CREDIT: PHILADELPHIA FED

June 7, 2010 at 11:32 am | Posted in Economics, Financial, Research, USA | Leave a comment

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Supervision, Regulation and Credit (SRC)

SRC Insights – FRB Philadelphia

Phil.Webmaster@philadelphiafed.org

Mon 6/07/10

The following information is now available on the Philadelphia Fed’s website:

Second Quarter SRC Insights Released

June 7, 2010 – A quarterly newsletter published by the Supervision, Regulation and Credit Department for the institutions it supervises.

http://www.philadelphiafed.org/bank-resources/publications/src-insights/

We welcome your comments, questions, and suggestions.

Please e-mail us at Phil.Webmaster@phil.frb.org

Supervision, Regulation and Credit (SRC)

SRC Insights – FRB Philadelphia

June 7, 2010 – A quarterly newsletter published by the Supervision, Regulation and Credit Department for the institutions it supervises.

http://www.philadelphiafed.org/bank-resources/publications/src-insights/

Phil.Webmaster@philadelphiafed.org

Mon 6/07/10

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WEATHER INSURANCE AND DEVELOPMENT

June 7, 2010 at 9:04 am | Posted in Development, Earth, Economics, Financial, Globalization, Research, Third World | Leave a comment

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WEATHER INSURANCE OFFERS

PROTECTION FOR POOR FARMERS

STRESSES NEW UN REPORT

New York Jun 3 2010

WEATHER INSURANCE OFFERS PROTECTION FOR POOR FARMERS STRESSES NEW UN REPORT

UNNews UNNews@un.org

Thu 3 Jun 2010

A new study by two United Nations agencies has highlighted weather insurance as an important tool to protect poor farmers, emphasizing that issuing such insurance before the planting season can be more effective than providing emergency aid after a calamity has wiped out crops.

“Weather insurance can reduce the need for costly emergency operations by preparing for the disaster, rather than reacting to the aftermath,” said Carlo Scaramella, Climate Change and Disaster Risk Reduction Coordinator for the World Food Programme (“http://www.wfp.org/ WFP).

“Not only can it help poor rural households reduce their risk in the face of weather shocks, it can also unlock other opportunities, such as access to credit, helping people invest in a better future,” she http://www.wfp.org/news/news-release/weather-insurance-policies-offer-lifeline-farmers-developing-countries added.

The study, released by WFP and the International Fund for Agricultural Development (“http://www.ifad.org/ IFAD) at the Global Risk Forum in Davos, identified key principles to help promote the wider use of weather index-based insurance, and outlined how donors and governments can support the effort.

Weather index-based insurance, according to a news release issued by the two agencies, sets out an objective parameter, such as the level of rainfall, at a specific location, during an agreed period.

The terms of the contract correlate as closely as possible with the loss of agricultural production suffered by the farmer. All policyholders within the same area receive payouts based on rainfall measurements at the weather station close to their farms, eliminating the need for expensive, time-consuming loss assessments in the field.

“Weather insurance is mutually beneficial as it supports small farmers to better address risk in their agricultural activities, and encourages additional private-sector investment in rural areas, something IFAD believes can further support small farmers and their communities,” said the agency’s Associate Vice-President Kevin Cleaver.

The study released today was conducted by the IFAD-WFP Weather Risk Management Facility, and supported by the Bill & Melinda Gates Foundation.

Jun 3 2010

For more details go to UN News Centre at http://www.un.org/news

WEATHER INSURANCE OFFERS

PROTECTION FOR POOR FARMERS

STRESSES NEW UN REPORT

New York Jun 3 2010

WEATHER INSURANCE OFFERS PROTECTION FOR POOR FARMERS STRESSES NEW UN REPORT

UNNews UNNews@un.org

UN News Centre at http://www.un.org/news

Thu 3 Jun 2010

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21ST CENTURY DEVELOPMENT

June 7, 2010 at 8:38 am | Posted in Development, Earth, Economics, Financial, Globalization, Research, Science & Technology, Third World, World-system | Leave a comment

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UN: AGRICULTURE, ENERGY SECTORS TO

DETERMINE SUSTAINABILITY OF 21ST

CENTURY DEVELOPMENT

UNNews UNNews@un.org

New York Jun 2 2010

UN: AGRICULTURE, ENERGY SECTORS TO DETERMINE

SUSTAINABILITY OF 21ST CENTURY DEVELOPMENT

Wed 2 Jun 2010

How the world contends with the agriculture and energy sectors will serve as a bellwether for development in the 21st century, largely determining whether growth will be sustainable for billions of people, according to a new United Nations-backed report.

With current production and consumption of fossil fuels and food draining freshwater supplies, triggering losses of forests and other ecosystems and raising pollution levels, the study concludes that dramatically reforming, rethinking and redesigning how the planet’s people are fed and fueled could spur environmental, social and economic returns.

It stresses that reaching sustainability goals should start in the home, through dramatically changing heating and cooling systems, gadgets, appliances and the way people travel.

Perhaps controversially, the report – by the International Panel for Sustainable Resource Management – also calls for a shift away from animal-based protein diets to more vegetable-based foods to ease pressure on the environment.

“Decoupling growth from environmental degradation is the number one challenge facing governments in a world of rising numbers of people, rising incomes, rising consumption demands and the persistent challenge of poverty alleviation,” said Achim Steiner, Executive Director of the UN Environment Programme (UNEP), which hosts the Panel.

“Thus setting priorities would seem prudent and sensible in order to fast-track a low-carbon, resource-efficient Green Economy,” he stated.

Launched today in Brussels, the publication notes that more intelligent fiscal policies and creative policy-making are among the tools that can be used to combat unsustainable patterns.

“Some tough choices are signaled in this report, but it may prove even more challenging for everyone if the current paths continue into the coming decades,” Mr. Steiner said.

Jun 2 2010

For more details go to UN News Centre at http://www.un.org/news

UN: AGRICULTURE, ENERGY SECTORS TO

DETERMINE SUSTAINABILITY OF 21ST

CENTURY DEVELOPMENT

UNNews UNNews@un.org

New York Jun 2 2010

UN: AGRICULTURE, ENERGY SECTORS TO DETERMINE

SUSTAINABILITY OF 21ST CENTURY DEVELOPMENT

UN News Centre at http://www.un.org/news

Wed 2 Jun 2010

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BRAZIL ECONOMY STATISTICS

June 7, 2010 at 8:17 am | Posted in Brazil, Economics, Financial, Research | Leave a comment

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Investor Relations Group

Central Bank of Brazil

GERIN gerin@bcb.gov.br

Focus – Market Readout – June 4 2010

Mon 7 Jun 2010

The link to the weekly report is

Focus – Market Readout – June 4, 2010.

Investor Relations Group
Phone +55 (61) 3414-3980
Fax +55 (61) 3414-3749

E-mail: gerin@bcb.gov.br

Links:
Time Series of Market Expectations
Other Reports from Gerin (Investor Relations Group)

Investor Relations Group

Central Bank of Brazil

GERIN gerin@bcb.gov.br

Focus – Market Readout – June 4 2010

Focus – Market Readout – June 4, 2010.

Mon 7 Jun 2010

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