This DuPont Australia sponsored food security forum will feature the launch of ground-breaking new research from the Economist Intelligence Unit and its Global Food Security Index. The forum will include a panel discussion featuring key figures from policy / political, agricultural, food, trade and economic sectors.
The 23rd Annual International Food and Agribusiness Management Association (IFAMA) World Forum and Symposium focused on how to develop and sustain talent across the diverse value chain of global food production – from smallholder farmers in emerging regions of the world to the sophisticated commercial agriculture practices in mature economies. A who’s who of agriculture examined the technologies and talent development approaches that have the potential to propel Agribusiness towards the achievement of global food security. DuPont is pleased to be a sponsor of the event. To learn more about the conference visit, https://www.ifama.org.
The International Food Policy Research Institute (IPFRI) 2020 Policy Consultation & Conference will bring together policymakers, practitioners, and scholars to discuss how resilience can be strengthened for food and nutrition security. The conference will:
- Articulate an intellectual framework for resilience;
- Identify key emerging shocks that pose the biggest threats to food and nutrition security, where resilience needs to be significantly strengthened;
- Assess experiences through case studies and draw out lessons from programs, policies, institutions, and investments around the world;
- Identify key approaches and tools to build resilience to shocks;
- Set priorities for action by different actors and in different regions; and
- Identify knowledge and action gaps in research, policy, and programming that need to be met or scaled up in order to successfully build resilience to food and nutrition insecurity.
To learn more about the conference visit: http://www.2020resilience.ifpri.info/.
As the foremost gathering on the continent, the 24th World Economic Forum on Africa will bring together regional and global leaders to discuss innovative structural reforms and investments that can sustain the continent’s growth while creating jobs and prosperity for all its citizens. DuPont is pleased to be a strategic partner for the event. To learn more visit, http://www.weforum.org/events/world-economic-forum-africa.
Come visit DuPont at the 23rd annual International Food and Agribusiness Management Forum & Symposium (IFAMA) event in Atanta, GA.
On Wednesday, June 19th, tune into: “Achieving Food Security” a keynote address by Jim Borel, Executive Vice President, DuPont. This event will be live-streamed at 8:30 a.m. ET.
Also on June 19th attend:
Global Food Security Index Workshop
Led by the Economist Intelligence Unit
2:15 p.m. ET, Wednesday, June 19
The Economist Intelligence Unit will conduct an interactive workshop to explore the Global Food Security Index (http://foodsecurityindex.eiu.com/), a unique tool sponsored by DuPont, that considers the underlying drivers of food security in 105 countries worldwide. Leo Abruzzese, the Economist Intelligence Unit’s editorial director, will present an overview of the Global Food Security Index model and demonstrate to participants ways in which the model can be used in their own work and research. Conference registration required to attend.
Partnerships & Priorities: Transforming the Global Food Security Agenda
With the pressing environmental and demographic challenges facing a hungry world, we have seen a growing push toward international collaboration between institutions, disciplines, public and private sectors and countries. The 2012 Borlaug Dialogue will highlight the role of partnerships and their importance in confronting hunger challenges by driving forward cutting edge research and application at the intersection of science, education and enterprise.
The “Partnerships and Priorities” theme will ask several critical questions:
- What are some of the lessons learned from past partnerships?
- Where do we want to be and how do we best leverage partnerships to get there?
- How is the traditional food security agenda being transformed with new models of collaboration around the world?
Beginning Wednesday, Oct. 17, this three-day dialogue will address the questions above. For the full agenda, schedule of events and a list of speakers, please click here.
The Iowa Hunger Summit seeks to gather leaders from across Iowa representing community organizations, business and industry, state and local government, social agencies, churches and religious communities, schools and universities, and other individuals and groups that lead or participate in projects to confront hunger.
This event is held annually and includes the official World Food Prize Laureate Award Ceremony as well as a Borlaug dialogue international symposium bringing increased awareness and attention to the issues of global food security, agriculture and science. Learn More.
Join DuPont, the Economist Intelligence Unit (EIU) and special guest speakers for the unveiling of a new tool to assess the impact of food price shocks at the nation level. On Wednesday, Oct. 17, an expert panel will discuss the findings of the Price Adjustment Factor, an interactive tool that presents a new level of insight into the potential impact of food price fluctuations on the ability to address food security at the local level. Commissioned by DuPont and created by the EIU, the Price Adjustment Factor of the Global Food Security Index captures the impact of changing food prices and other macroeconomic considerations over time in 105 countries, on a country by country basis.
Please join the forum via teleconference on Wednesday, Oct. 17 from
8:00 – 9:00 a.m. CDT. Use this information below to access the call.
- Toll free number for callers within the U.S., Canada or Puerto Rico: (877) 941-8269
- Conference ID: 4570696
- If your country is not listed in the grid below, please use the U.S. caller paid number: (480) 629-9799.
Food Ingredients India 2012 brings together thousands of food and beverage suppliers and manufacturers. The conference will highlight industry developments, innovations and critical issues, featuring speakers from leading manufacturers, ingredients suppliers and research organizations. Learn more.
The largest international food additives and ingredients industry show in Asia, Food Ingredients China will have over 1,000 exhibitors from more than 20 countries. Learn More.
Some of the Australia’s most respected food security experts will participate in a special forum, on Tues., March 11, in Canberra. The panel is gathered to discuss new research findings in the Economist Intelligence Unit (EIU) report, Feeding Asia Pacific: Australia’s role in regional food security.
The forum, hosted by Rik L Miller, DuPont Crop Protection president, is the latest in a serious of global food security spotlight events, which have taken place around the world since the launch of the EIU’s Global Food Security Index, sponsored exclusively by DuPont.
Since 2012, DuPont has been bringing people together from around the globe to talk about the critically important challenge of food security – from Washington DC to Chile, Johannesburg to Brussels, Sao Paolo to Mexico and Singapore to New Delhi.
DuPont is proud to bring that discussion to Canberra, Australia, to examine the significant role Australia plays in helping meet the food needs of a rapidly growing Asia Pacific region.
- David Speers, Sky News, political editor – Panel moderator
- Hon. Tim Fischer, Australia Crop Diversity Trust, board member
- Gary Dawson, Australian Food and Grocery Council, CEO
- Cameron Hall, Elders, general manager, trading
- Matthew Cossey, CropLife Australia, CEO
- Phil Todd, Economist Intelligence Unit, Global Custom Research Director
- Rik Miller, DuPont Crop Protection, president
Be a part of this event. Visit dupont.com.au to learn more about the event or follow us on Twitter @DuPontAusNews and join the conversation using #asiafoodbowl,
The forum will be broadcast live on the Australian Public Affairs Channel and the Australia Broadcasting Corporation’s national news channel ABC2. The broadcast can be viewed via a livestream on their website, www.apac.tv.
A download on demand webcast will be available shortly after the event. We will share website details when they are available.
The Economist Intelligence Unit (EIU) announced today that global food commodity prices rose slightly in the last quarter of 2013, decreasing food affordability in the majority of the 107 countries covered in the EIU’s Global Food Security Index.
“The Global Food Security Index brings a new dimension of evaluating key factors impacting food security,” said James C. Borel, Executive Vice President, DuPont. “The power of this data tool lies in its ability to help determine where to best dedicate limited resources and generate the most impact.”
Price Adjustment Factor Key Findings
In the quarter that just ended (December 2013), global food commodity prices rose by an estimated 1.39% from end-September, according to the Food and Agriculture Organization’s (FAO) Food Price Index, largely owing to increases in the prices of dairy and meats, which were offset by falling sugar, cereal and oil prices.
- Once again, the largest drops in food security happened in countries experiencing political violence — Syria and Sudan. Syria had the largest drop and Sudan faced the second largest drop in food security.
- South Korea had the largest improvement in food security. Its overall food security rank rose two spots to 23rd. Its rank for food affordability rose from 26th to 22nd.
- Western European food affordability improved in the fourth quarter. Food security improved in 50% (13 of 26) of the European countries included in the Index, representing over a third of all countries that experienced improvements in food security. Western Europe benefited from its modest economic recovery and the strengthening of the euro.
- East Asia and Pacific, and Europe and Central Asia were the only two regions to experience an overall improvement in food security during the quarter. Their respective regional scores rose by 0.18 (to 61 out of 100) and 0.06 (to 70), leaving the regions ranked third and second (out of seven), respectively, behind North America.
- Latin America and Caribbean (LAC) had the largest decline in food security. The region’s score fell by 0.12 to remain in the fourth position. This contrasts with LAC’s performance last quarter when all countries, except Chile, experienced an improvement in food security.
- Sub-Saharan Africa remained the lowest scoring region. Its score fell by 0.1 from the previous quarter to 33.3. Only five Sub-Saharan African countries (Benin, Cameroon, Côte d’Ivoire, Senegal and Sierra Leone) out of 28 experienced improvements in food security during the fourth quarter.
“The global economy will strengthen in 2014, led by the richer countries,” said Leo Abruzzese, Global Forecasting Director for the EIU. “While that could increase food demand, many of the emerging markets are not growing as rapidly as they once did. With generally strong food production and high stocks, we don’t see prices rising for staples this year, a good sign for food security.”
To read the full release and EIU findings, and to explore the Global Food Security Index online, visit http://foodsecurityindex.eiu.com/.
The Index, commissioned by DuPont to deepen the dialogue on food security, is prepared annually and evaluates the affordability, availability and quality of food across 107 countries. Each quarter, the Index is adjusted to reflect the impact of global food price fluctuations on each country’s food security.
Global Food Security Index shows slight increase in food affordability
Global food commodity prices fell in the third quarter, improving food affordability in all but nine countries covered in the Economist Intelligence Unit’s (EIU) Global Food Security Index (GFSI), according to the EIU recent analysis. Each quarter, the Index is adjusted to reflect the impact of global food price fluctuations on each country’s food security.
In the quarter that just ended (September 2013), global food commodity prices fell by an estimated five percent, according to the Food and Agriculture Organisation’s (FAO) Food Price Index. This was the third quarter in the last four that aggregate prices have fallen, and according to the EIU, a welcome development after a surge in the FAO index during the third quarter of 2012 following bad crop-growing weather in a number of countries. In addition to lower prices, affordability in the third quarter was also helped by a small average rise in global per-person income—around 0.5 percent from the prior three months, according to EIU estimates. The improvement in food security from lower prices and higher incomes was, in some countries, partly offset by currency depreciation, which according to the EIU can be an important headwind for countries that import a significant share of their food.
The price of food purchased most often by the food insecure—cereals or staple crops—dropped significantly, by 16%, as farmers responded to the higher commodity prices and increased production during the quarter, according to the FAO index. The EIU’s outlook is for continued declines in 2013, which should further improve food affordability. Generally, falling prices are a reflection of ample supply, sufficient to meet demand for most major food commodities. Accordingly, the EIU expects average prices for rice, soybeans, and wheat to drop by 12.8 percent, 2.8 percent and 3.7 percent, respectively, in 2013 from the year before.
“Global food production this year is rising for most major food groups,” said Leo Abruzzese, Global Forecasting Director for the EIU. “This increased supply will make food more affordable. Prices are facing further downward pressure as demand from major emerging economies, notably China and India, continues to soften.”
The quarterly affordability updates of the Global Food Security Index are meant to highlight the vulnerability of countries to food price shocks, especially countries that are already undernourished. The EIU’s quarterly adjustment incorporates global price changes as measured by the FAO’s widely used Food Price Index. The EIU modifies the FAO price change for each country by examining the historical relationship between global and national food price inflation. The country’s score is further adjusted for the estimated changes in national income and its exchange rate during the quarter. This provides a top-level assessment of price changes that might help or hurt a country’s food security.
Key findings of the EIU update
- Food affordability improved globally in the third quarter. The global average affordability score at the end of September climbed to 54 from 52.8 in July 2013 (where 100 equals the best result). Food affordability improved in all but nine of 107 countries included in the Index. Food became less affordable, on average by 1.7 points, in Syria, Malaysia, Chile, Philippines, Peru, Cambodia, Japan, Norway, and Singapore.
- Syria’s food security continued to deteriorate. Syria experienced the largest decline in food security in the third quarter, according to the EIU index. Many factors continue to undermine the environment. The country’s exchange rate continues to plummet, having lost more than 25% of its value over the quarter, and income per head fell another 3.8 percent. In addition to the rapid rise in prices, food availability is also decreasing because of the sustained military conflict. A joint Rapid Food Security Needs Assessment mission by the FAO and the UN World Food Programme recently estimated that more than 1.5 million people will require urgent food aid during the next few months.
- Botswana had the greatest improvement in food affordability among undernourished countries. Botswana ranks 43rd for overall food security out of 107 countries in the Index. Botswana’s affordability rank rose six positions this quarter. Significant appreciation of the pula, Botswana’s currency, against the US dollar, along with robust income growth per head, drove the increases in scores.
The Index, commissioned by DuPont to deepen the dialogue on food security, is prepared annually and evaluates the affordability, availability and quality of food across 107 countries. To explore the Global Food Security Index online, visit http://foodsecurityindex.eiu.com/.