Since 2000, more than 36 million hectares of land has been purchased or leased by foreign entities, mostly for agricultural use. This is threatening local food security, according to the Worldwatch Institute
The FAO Food Price Index notched up one point in September but is still nealry 19% lower than a year ago. Wheat is now over 20 percent cheaper than in September last year.
Monsanto this week announced it will cut its workforce by 12 percent after the company performed worse than expected last year.
EU markets have moved higher, bucking the supply-demand situation.
Tesco's CEO has apologised to customers and suppliers and unveiled a new payment scheme to benefit producers.