Conagen commercializes scalable sweetness enhancers from nature

Teams up with pipeline partner Sweegen for bridging natural solutions with mainstream taste.

Bedford, Mass., July 08, 2022 (GLOBE NEWSWIRE) — Conagen, the Massachusetts-based biotech firm, announced the commercialization of an expansive portfolio of natural sweetness enhancers for taste modification in sugar reduction solutions for food and beverages. The enhancers are made with precision fermentation, a technology that has led to the innovation of an extensive platform of phenolic antioxidants.

Sweetness enhancers in the market today are made by chemical synthesis or by using an organic solvent extraction method, both of which are time-consuming, labor-intensive, and environmentally unfriendly. Conagen’s precision fermentation method is a preferred, clean, and sustainable method for developing sweetness enhancement compounds.

“These unique molecules are yet another example of how Conagen leverages its molecular platforms and precision fermentation capabilities to create useful ingredients for food and beverage applications. Our ability to rapidly scale modern, clean and sustainable sweetness enhancers provides additional and better options for taste modulation and sugar reduction beyond those enabled by the non-caloric sweeteners already on the market,” said Casey Lippmeier, Ph.D., vice president of innovation at Conagen.

Conagen’s sweetness enhancers belong to a group of natural product molecules called phenolic compounds, found extensively in many plant species. Phenolic compounds are commonly found in vegetables and fruits and are a significant part of the human diet. They are biosynthesized by plants and lichens as secondary metabolites and comprise a diverse group of phytochemicals.

Increasing consumer awareness of chronic diseases such as obesity and diabetes sparks the market pull trend toward zero sugar and low-to-no calorie food and beverages and is expected to continue upward. The health trend drives the growth in new sweetness enhancer technologies for an ever-demanding sugar reduction solutions market. Consumers are seeking ways to improve their diets and are increasingly interested in natural and clean ingredients.

Conagen and its pipeline partner Sweegen, a global leader in wellness-based sugar reduction solutions, have previously teamed up to develop modern natural sweeteners that can replace up to 100% sugar in particular food and beverage applications and bitter blockers to mitigate up to 80-100% bitterness in consumer trending products, such as energy drinks, sauces, and confectionery products with low to no sugar.

“Together, with Conagen, we’re building a bridge of natural solutions with mainstream taste,” said Casey McCormick, head of global innovation at Sweegen. “These new molecules can modulate mouthfeel and boost the sensation of the sweetness of other sweeteners and flavors in food and beverages, leading to a significant reduction in sugar usage.”

McCormick further stated, “Conagen is an ideal innovation partner for Sweegen to continuously build our robust and powerful portfolio and pair it with our first-class sweetener systems. The more sweetness enhancers in our toolbox, the better our exploration and discovery of new ways for food and beverage brands to make healthier products that taste great and resonate with consumers.”

Sweegen has a long-standing partnership with biotechnology innovator Conagen. Conagen focuses on developing sustainable, nature-based ingredients that improve existing options in the market or represent completely novel ingredient solutions.

About Conagen
Conagen is a product-focused synthetic biology R&D company with large-scale manufacturing capabilities. Our scientists and engineers use the latest synthetic biology tools to develop high-quality, sustainable, nature-based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. www.conagen.com

About Sweegen
Sweegen provides sweet taste solutions for food and beverage manufacturers around the world.

We are on a mission to reduce the sugar and artificial sweeteners in our global diet. Partnering with customers, we create delicious zero-sugar products that consumers love. With the best modern sweeteners in our portfolio, such as Bestevia® Rebs B, D, E, I, M, and N, and brazzein, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market-leading solutions that customers want, and consumers prefer. Well. Into the Future.

For more information, please contact info@sweegen.com and visit Sweegen’s website, www.sweegen.com.

Attachments

Ana Arakelian, head of public relations and communications
Conagen
+1.781.271.1588
ana.arakelian@conagen.com

Why citizenship by investment in small island nations is worth considering: CS Global Partners

London, July 08, 2022 (GLOBE NEWSWIRE) — Programs granting citizenship in exchange for economic investment in small island countries are growing in popularity. Over the last decade, these programs have become notable considerations for those looking to diversify their wealth; they offer benefits that most investors look for and cannot find in some parts of the world. Dominica, St Kitts and Nevis as well as Saint Lucia are some of the small island countries which offer citizenship by investment (CBI) programmes in the Caribbean. These countries offer profitable investment opportunities worth considering.

Obtaining citizenship in Dominica, St Kitts and Nevis and Saint Lucia comes with numerous benefits for investors. These benefits include favourable opportunities to plan and spread one’s wealth, reduced citizenship application timelines, extending citizenship to the family, wide range of investment programmes, high standard of living and enjoying the general benefits that come with living in modern, diverse countries. In addition to this, the investment threshold is not as high as those of other countries. Individuals invest less to access the same benefits offered by relatively large countries.

Shorter citizenship application timeline:

When seeking a second citizenship, the citizenship timeline, or the time it takes for one to move from investor to citizen makes a huge difference. According to the 2021 CBI Index, the speed that it takes to process citizenship application in small island countries is rapid compared to other countries offering the same program. According to the same report, fast track CBI processing options which are available at an additional fee.

This is particularly important for time poor investors looking for effective and trusted options with little or no residence.

It must be noted that fast track options do not reduce the amount of due diligence performed on individuals. The same multilayer approach conducted by various external and local firms along with international police authorities applies to these programmes.

Obtaining citizenship with family:

The rise of increasingly complex family relationships is driving investors to seek CBI programs that allow for a more diverse range of family members to be included under a primary application. Even though a majority of CBI programmes provide for the inclusion of spouses and minor children, only a handful of countries do so for adult children and extended family. Dominica, St Kitts and Nevis and St Lucia were ranked high in this regard according to the CBI Index of 2021. These countries have multi-family member categories that can be considered with one primary application. The degree of flexibility in these categories means that points are awarded for adult children, parents, grandparents and even siblings. Investors who are seeking a second citizenship in these Caribbean countries do not have to worry about the breaking of family ties that comes with relocation and immigration.

Wide range of investment programmes:

Every investment option is evaluated based on its rate of return. When considering a CBI option, the types of investments are thoroughly scrutinised because they form basis of the income that investors will receive in the foreseeable future. The broader the investment programmes are, the better the diversification of an investor’s portfolio.

Individuals applying for the Dominica CBI can make contributions to the Economic Diversification Fund and Real Estate. The former supports private as well as public projects within the country whereas the latter entails investment in approved real estate projects.

St Kitts and Nevis offers a wide range of CBI options such as the Sustainable Growth Fund. This option follows the Dominica CBI focus which is the public and private real estate development.

Key investments in St Lucia include the National Economic Fund Investment and real estate amongst others. This diversification of investment options is advantageous because it enables investors to select suitable investments that are in line with their risk appetite.

High standard of living:

The United Nations Human Development Index (HDI), which encompasses factors such as life expectancy, education, access to healthcare, safety, and income is used to determine a country’s standard of living. Dominica, St Kitts, and Nevis, and St Lucia have an HDI of 0.742, 0.779, and 0.759 respectively. These country indices are higher than the countries where most investors come from, and they indicate fairly high standards of living.

Outside of economic factors, small island countries rank high in terms of freedom of expression, civil liberties, and political rights which all contribute to a high standard of living. Investments in these countries also tend to offer considerably stable returns because of reduced political risk from upheavals or conflict.

Low minimum investment outlay:

According to the CBI report of 2021, small island countries offer relatively lower investment outlays for their CBI programmes. The minimum investment outlay is an important measure because it is one of the most practical and foremost considerations for all investors. Overall, small island countries had the lowest minimum investment requirements, with some as low as USD 100 000 in Dominica. The low investment outlay means that investors can access similar benefits that come with being a citizen of a country, without paying a fortune. 

PR CS Global Partners
CS Global Partners
+44 (0) 207 318 4343
mildred.thabane@csglobalpartners.com

Des pasteurs et des dirigeants de l’Église de toute l’Amérique participent à un séminaire sur la Bible

NEW YORK, 8 juillet 2022 /PRNewswire/ — Des pasteurs et des dirigeants de l’Église se sont réunis le 4 juillet pour un séminaire visant à révéler les secrets de la Bible et de l’Apocalypse. L’événement a été organisé par l’Église Shincheonji de Jésus « New Heaven New Earth », le Temple du Tabernacle du Témoignage, et a été diffusé dans le monde entier via la chaîne YouTube de l’Église. Parmi les participants figuraient des pasteurs et des dirigeants de toute l’Amérique du Nord et du Sud.

Chairman Lee Man-hee of New Heaven New Earth, Shincheonji Church of Jesus testifies at the Bible seminar on July 4th, 2022

Le séminaire, intitulé « Testifying to the 66 Books of the Bible’s Secrets of the Kingdom of Heaven and the New Covenant, the Revelation » (Le témoignage des 66 livres de la Bible sur les secrets du Royaume des Cieux et de la Nouvelle Alliance, l’Apocalypse), intervient après la conclusion des séminaires en ligne qui ont commencé à être diffusés en octobre 2021. Ces séminaires ont présenté le contenu du programme d’introduction, intermédiaire et avancé du Zion Christian Mission Center, le centre d’enseignement biblique de l’Église Shincheonji, qui explique gratuitement la Bible en toute simplicité.

Les séminaires ont été couronnés de succès avec 21 millions de vues sur YouTube. L’Église Shincheonji a également annoncé qu’elle formera 100 000 diplômés du Zion Christian Mission Center en 2022.

L’orateur principal, le président de l’Église Shincheonji Lee Man-hee, a attesté que Jésus a reçu le livre de l’Apocalypse de Dieu et l’a accompli aujourd’hui.

« Si le témoignage sur tout le livre de l’Apocalypse et le témoignage sur la Révélation de l’Ancien et du Nouveau Testament par chapitre révélé par Shincheonji est correct, alors ne devriez-vous pas croire ? » a demandé le président Lee.

Le président Lee a également appelé à l’unité au sein du christianisme.

« C’est la parole de Dieu, pour tous », affirme le président Lee. « Par conséquent, nous devons réparer les choses qui sont incorrectes et, en accord avec Dieu et Jésus, nous devons être unis ensemble. Voilà ce que je crois. »

« Testifying to the 66 Books of the Bible’s Secrets of the Kingdom of Heaven and the New Covenant, the Revelation » est disponible sur YouTube. Pour plus d’informations, consultez le site Web www.scjamericas.org.

CONTACT POUR LES MÉDIAS : Gina Del Gigante, 16466287365, revelation@scjamericas.org

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Raffles Bali invite tous les connaisseurs à faire l’expérience d’un voyage unique dans le complexe ultra-luxueux de Bali

DENPASAR, Indonésie, 7 juillet 2022 /PRNewswire/ — Raffles Bali est une oasis intime de bien-être émotionnel située dans la magnifique baie de Jimbaran. La station est perchée sur une colline offrant une vue imprenable sur l’océan et sa plage privée isolée. Elle compte seulement 32 villas bien aménagées, chacune dotée d’une piscine privée et d’une terrasse extérieure. Au cœur de cet espace généreux, les voyageurs pourront se détendre et profiter pleinement de leurs vacances.

Experience a blissful escapade with your loved one at ultra-luxury resort in Bali.

Situé au point culminant de la station sur une terrasse surplombant l’océan, le prestigieux restaurant Rumari est l’endroit idéal pour admirer le coucher du soleil. Il est le tout dernier établissement à avoir été nommé « Ambassade Krug », une première en Indonésie. Véritable voyage culinaire épicurien, il s’agit de l’une des expériences gastronomiques les plus soignées mettant en valeur la richesse de l’archipel en parfaite synergie avec l’expertise de l’équipe culinaire la plus talentueuse et de chefs invités renommés.

Le Loloan Beach Bar and Grill est situé sur la plage isolée du complexe, surplombant une piscine à débordement de 25 mètres. Au menu figurent un somptueux festin de fruits de mer et des sélections de viandes haut de gamme. Au crépuscule, l’atmosphère passe d’une ambiance détendue à une élégance décontractée.

Découvrez une destination gastronomique exclusive pour un voyage culinaire intime inoubliable au Secret Cave, illuminé par des flambeaux et des bougies, ou au Purnama Honeymoon Bale, construit sur les rochers au bord de l’océan, sur la partie littorale du complexe. Établissement à couper le souffle, The Farm Terrace reçoit ses invités en plein air sous la pergola de fruits de la passion au milieu de jardins luxuriants.

Les connaisseurs apprécieront également l’emblématique The Writers Bar de la marque et la bibliothèque attenante, un havre de détente pour savourer des cocktails épicés fantaisistes ou les meilleurs champagnes et vins. Ce bar intime apporte l’héritage Raffles à Bali, avec le Raffles Bali Sling adapté sur mesure.

« Nous accueillons les voyageurs du monde entier à Raffles Bali. Ici, dans le cadre du programme Raffles Emotional Wellbeing, ils profiteront de la station balnéaire la plus luxueuse de Bali avec des couchers de soleil magnifiques, des jardins tropicaux luxuriants et une cuisine exquise », a déclaré Katya Herting, directrice générale de Raffles Bali

Grâce au programme Raffles Emotional Wellbeing, il est facile de se détendre et les voyageurs apprécieront le chant des oiseaux tropicaux habitant la flore environnante et respireront le bon air marin. Détendez-vous sous les mains d’un thérapeute expert au Raffles Spa. L’établissement dispose de sa propre baignoire et ses portes coulissantes mènent à une terrasse avec vue sur la colline. Il est également possible de se relaxer dans une suite où sont dispensés divers traitements. Située à flanc de colline, plus à distance, ce sanctuaire est installé en pleine nature.

Vous serez choyé et baignerez dans des expériences sensorielles, organisées avec générosité par notre Raffles Wellbeing Butler, qui dispense un service légendaire depuis 1887.

Pour votre escapade idyllique, faites votre réservation à l’adresse suivante : https://www.rafflesbali.com/offer/a-private-hideaway/.

Une réservation préalable est requise à l’adresse suivante : bali@raffles.com, +623612015800.

Indulge in Raffles Bali, an intimate oasis of emotional wellbeing.

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Raffles Bali is inviting all well-travelled connoisseurs on a journey of a lifetime to the ultra-luxury resort in Bali

DENPASAR, Indonesia, July 7, 2022 /PRNewswire/ — Raffles Bali is an intimate oasis of emotional well-being located in beautiful Jimbaran Bay. The resort is perched on a hill offering unparalleled views of the ocean and its own secluded beach. With just 32 well-appointed pool villas, providing utmost relaxation and generosity of space featuring their own outdoor terrace and private pool.

Experience a blissful escapade with your loved one at ultra-luxury resort in Bali.

Located at the resort’s highest point on a sunset terrace overlooking the ocean, the signature restaurant Rumari is appointed as newest Krug Ambassade, first ever in Indonesia. Unveiling an Epicurean culinary journey, one of the most curated gastronomy experience highlighting the richness of the archipelago seamlessly synergized with the expertise of the most talented culinary team and guest stars.

Loloan Beach Bar and Grill is located on the resort’s secluded beach, overlooking a 25-metre infinity pool offering a sumptuous seafood feast and premium meat selections. As twilight falls, the atmosphere shifts from laid-back fun to casual elegance.

Experience exclusive dining destination for unforgettable intimate culinary journey at The Secret Cave, illuminated with flickering torches and candlelight, or at the Purnama Honeymoon Bale, built on the rocks at the edge of the resort’s oceanfront. The Farm Terrace, a breathtaking al fresco dining under the passion fruit pergola in the middle of lush gardens.

Connoisseurs will also enjoy the brand’s iconic The Writers Bar and the adjoining Library, a relaxing haven to savour whimsically spiced cocktails or finest Champagne and Wine. This intimate bar brings the Raffles heritage to Bali, with the bespoke Raffles Bali Sling.

“We welcome travellers worldwide to Raffles Bali, to enjoy the most ultra-luxury resort in Bali boasts stunning sunsets, lush tropical gardens and exquisite dining, to Raffles Emotional Wellbeing program,” said Katya Herting, General Manager of Raffles Bali

In Raffles Emotional Wellbeing program, a relaxation comes easily, travelers will enjoy the sound of tropical birds calling through the flora and the scent of the sea. Unwind beneath the hands of an expert therapist at Raffles Spa with their own soaking tub and sliding doors lead to a hill-view terrace or experience remote hillside treatment suite, The Sanctuary, hidden in nature.

Pampered in curated sensory experiences of utter indulgence by our Raffles Wellbeing Butler, a legendary service since 1887.

Reserve your blissful escapade experience at https://www.rafflesbali.com/offer/a-private-hideaway/

Prior reservation required at bali@raffles.com, +623612015800.

Indulge in Raffles Bali, an intimate oasis of emotional wellbeing.

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Horn of Africa drought means hunger and malnutrition for people at a clinic in Kenya

The malnutrition charts on the walls of the nutrition unit at the Medina health centre paint a worrying picture. The numbers of malnourished mothers and children needing treatment are well above emergency levels.

Alarm bells usually start ringing when more than ten children are treated for malnutrition in any given month, and an emergency is declared if the number exceeds 30.

But this health centre in Garissa town in Kenya’s drought-ravaged north-eastern region has passed its emergency indicator. In May, 52 children were treated for malnutrition – up from 34 in April.

A severe drought caused by four consecutive failed rainy seasons in the Horn of Africa region has left over 18 million people facing severe hunger.

More than 4 million of them live in the arid and semi-arid regions of northern and eastern Kenya. An estimated 942,000 children aged under-5 and 135,000 pregnant women and breastfeeding mothers are acutely malnourished and in need of treatment, up from 755,000 and 103,000 respectively since February.

Sadia Abdullahi, a nutritionist at the health centre says she first noticed a significant rise in malnutrition cases in October 2021.

“We are seeing more and more wasted children and pregnant and breastfeeding women,” she says. “The situation is getting worse with each passing day.”

The drought has also killed over 1.5 million livestock – a source of food and income for the mainly pastoralist communities of this region. Children are not getting enough milk and what animals remain are too thin and sell for little in the markets.

But drought is not the only factor affecting the food security of people in this part of Kenya. The economic fallout of the coronavirus pandemic, rising prices and now the impact of the conflict in Ukraine on food and energy prices threatens to further increase hunger levels.

Sadia Adow is one of around 15 pregnant women and mothers who’ve received treatment for malnutrition over the past two months. Although her weight has increased, her mid-upper arm circumference still measures only 21 cm. It should be a minimum of 23cm.

“I come from a poor family where we don’t have enough to eat and that’s why my body is weak,” she says.

Some 35 kilometres away at the Sankuri health centre, Fatuma has brought her 6-month-old son Abdullahi for treatment.

“He is weak because there is very little food at home. I don’t even have enough breast milk for him,” says Fatuma.

Abdullahi is given 14 sachets of nutrient-packed peanut-based paste – one per day for the next two weeks when he will return for another check-up and possibly more sachets.

Fatuma has five children. Three have already been treated for malnutrition. In May, the Sankuri health centre treated more than 40 mothers and children, says Fiona Temesi, the nutritionist in charge.

“Normally we treat an average of 15 to 20 malnourished mothers and children per month,” she says.

The World Food Programme (WFP) in partnership with national and county governments is responding to the immediate needs of nearly 19,000 drought-affected families through emergency cash and food distributions, while addressing the long-term needs of 370,000 people through resilience initiatives.

These include supporting vulnerable communities with irrigation systems, beekeeping apiaries, chicken coups, fishponds, rainwater harvesting dams, and providing farmers with seeds and mechanized farm tools.

WFP requires an additional US$130 million over the next 12 months to provide more drought-affected families with assistance. This will cover food and cash for 960,000 and blanket supplementary feeding for 486,000 children and 122,000 pregnant and breastfeeding women in the worst affected counties.

Source: World Food Programme

Ghana prepares for possible first-ever Marburg virus outbreak

Preliminary findings of two Marburg virus cases have prompted Ghana to prepare for a potential outbreak of the disease. If confirmed, these would the first such infections recorded in the country, and only the second in West Africa. Marburg is a highly infectious viral haemorrhagic fever in the same family as the more well-known Ebola virus disease.

Preliminary analysis of samples taken from two patients by the country’s Noguchi Memorial Institute for Medical Research indicated the cases were positive for Marburg, and samples have been sent to the Institut Pasteur in Senegal, a World Health Organization (WHO) Collaborating Centre, for confirmation.

The two, unrelated, patients from the southern Ashanti region showed symptoms including diarrhoea, fever, nausea and vomiting. They have both died.

WHO mobilizes health experts

Preparations for a possible outbreak response are being set up swiftly as further investigations are underway, and WHO is deploying experts to support Ghana’s health authorities by bolstering disease surveillance, testing, tracing contacts, preparing to treat patients and working with communities to alert and educate them about the risks and dangers of the disease and to collaborate with the emergency response teams.

“The health authorities are on the ground investigating the situation and preparing for a possible outbreak response”, said Dr Francis Kasolo, World Health Organization (WHO) Representative in Ghana. “We are working closely with the country to ramp up detection, track contacts, be ready to control the spread of the virus”.

If confirmed, the cases in Ghana would mark the second time Marburg has been detected in West Africa. Guinea confirmed a single case in an outbreak that was declared over on 16 September 2021, five weeks after the initial case was detected.

High fatality rates

Previous outbreaks and sporadic cases of Marburg in Africa have been reported in Angola, the Democratic Republic of the Congo, Kenya, South Africa and Uganda.

Marburg is transmitted to people from fruit bats and spreads among humans through direct contact with the bodily fluids of infected people, surfaces and materials. Illness begins abruptly, with high fever, severe headache and malaise.

Many patients develop severe haemorrhagic signs within seven days. Case fatality rates have varied from 24% to 88% in past outbreaks depending on virus strain and case management.

Although there are no vaccines or antiviral treatments approved to treat the virus, supportive care – rehydration with oral or intravenous fluids – and treatment of specific symptoms, improves survival. A range of potential treatments, including blood products, immune therapies, and drug therapies.

Source: UN News Center

Benchmark FAO Food Price Index shows dip in international prices of cereals, vegetable oils and sugar

Rome – The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) reported today.

The FAO Food Price Index averaged 154.2 points in June 2022, down 2.3 percent from May. The Index, which tracks monthly changes in the international prices of a basket of commonly-traded food commodities, remained, however, 23.1 percent higher than in June 2021.

The drop in June reflected declines in the international prices of vegetable oils, cereals and sugar, while dairy and meat prices increased.

The FAO Cereal Price Index averaged 166.3 points in June, down 4.1 percent from May, but still 27.6 percent above its June 2021 value. International wheat prices fell by 5.7 percent in June but remained 48.5 percent above their values a year ago. The decline in June was driven by seasonal availability from new harvests in the northern hemisphere, improved crop conditions in some major producing countries, and higher production prospects in the Russian Federation. International coarse grain prices also fell by 4.1 percent but were still up 18.4 percent from their year-earlier values. World maize prices fell by 3.5 percent month-on-month due to increased seasonal availabilities in Argentina and Brazil and improved crop conditions in the United States of America.

The FAO Vegetable Oil Price Index averaged 211.8 points in June, down 7.6 percent month-on-month. World palm oil prices declined on seasonally rising output of major producing countries and prospects of increasing supplies from Indonesia. Meanwhile, world sunflower and soy oil prices declined due to subdued global import demand in the wake of rising costs.

The FAO Sugar Price Index averaged 117.3 points in June, down 2.6 percent from May, marking the second consecutive monthly decline and reaching its lowest level since February, influenced by good global availability prospects. Slowing global economic growth also weighed on international sugar demand and prices.

“Although the FAO Food Price Index dropped in June for the third consecutive month, it remained close to the all-time high of March this year. The factors that drove global prices high in the first place are still at play, especially a strong global demand, adverse weather in some major countries, high production and transportation costs, and supply chain disruptions due to COVID-19, compounded by the uncertainties stemming from the ongoing war in Ukraine,” said Máximo Torero Cullen, FAO Chief Economist.

Meanwhile, the FAO Meat Price Index averaged 124.7 points in June, up 1.7 percent from May, setting a new record high and exceeding by 12.7 percent its June 2021 value. World prices across all meat types increased, with those of poultry meat rising sharply, reaching an all-time high, underpinned by the continued tight global supply conditions impacted by the war in Ukraine and the Avian Influenza outbreaks in the Northern Hemisphere.

The FAO Dairy Price Index averaged 149.8 points in June, up 4.1 percent from May and 24.9 percent above its June 2021 value. In June, international prices of all dairy products increased. Cheese prices rose the most, mainly underpinned by a surge in import demand for spot supplies amid market concerns over supply availabilities later in the year. World milk powder prices increased on strong import demand and persistent global supply tightness.

FAO raises its forecast for global cereal production

FAO’s forecast for global cereal production in 2022 was raised by 7 million tonnes in July from the previous month and is now pegged at 2 792 million tonnes, according to the new Cereal Supply and Demand Brief, also released today. This is still 0.6 percent short of the world output in 2021.

The month-on-month increase predominantly rests on a 6.4-million-tonne upward revision made to the coarse grain production forecast, with the world output seen reaching 1 501 million tonnes in 2022, only 0.5 percent below the 2021 outturn.

The forecast for world cereal utilization in 2022/23 has also been lifted, up 9.2 million tonnes to 2 797 million tonnes, but is still 1.7 million tonnes (0.1 percent) below the 2021/22 level, mostly reflecting expectations of lower feed use.

At 854 million tonnes, FAO’s forecast of world cereal stocks at the close of seasons in 2023 is up 7.6 million tonnes from the previous month but still points to a year-on-year contraction of 0.6 percent (5.0 million tonnes). At this level, the global cereal stock-to-use ratio would fall from 30.7 percent in 2021/22 to 29.8 percent in 2022/23.

FAO’s latest forecast for world trade in cereals in 2022/23 stands at 468 million tonnes, up 4.8 million tonnes from last month but representing the lowest level in three seasons and a decrease of 11.4 million tonnes (2.4 percent) from the 2021/22 volume. Accounting for the bulk of the decline, trade in coarse grains is forecast to contract by 4.1 percent (9.5 million tonnes) in 2022/23 (July/June) from the 2021/22 estimated level, largely driven by war-related losses of maize and barley exports from Ukraine.

Further details are available here.

Crop Prospects and Food Situation report

FAO assesses that 46 countries, including 33 in Africa, 10 in Asia, two in Latin America and the Caribbean and one in Europe are in need of external assistance for food, according to the latest Crop Prospects and Food Situation Report, released today by FAO’s Global Information and Early Warning System (GIEWS). This list now includes Ukraine, where the war has resulted in significant numbers of displaced persons, and Sri Lanka, which is experiencing a multidimensional crisis that has led to high prices and severe shortages of essential products.

FAO’s forecast for aggregate cereal production of the group of Low-Income Food-Deficit Countries (LIFDCs) in 2022 is pegged at 187.8 million tonnes, a marginal increase compared to the five-year average and the previous year, the report said.

Source: Food and Agriculture Organization of the United Nations