World Agrinews

Australia's production of winter crops is set to fall from record highs, with wheat output seen declining more than 30%, the country's agricultural department said, as forecasters predict dryness due to the El Nino weather pattern.

Australia is the world's second largest wheat exporter, supplying mainly to buyers in Asia, including China, Indonesia and Japan.

The number of people experiencing acute food insecurity and requiring urgent food, nutrition and livelihood assistance increased for the fourth consecutive year in 2022, with over a quarter of a billion facing acute hunger and people in seven countries on the brink of starvation, according to the latest Global Report on Food Crises (GRFC).

The annual report, produced by the Food Security Information Network (FSIN), was launched by the Global Network Against Food Crises (GNAFC) - an international alliance of the United Nations, the European Union, governmental and non-governmental agencies, working to tackle food crises together.

Argentina's government announced the approval of a $394 million loan for irrigation projects, officials said in a statement on Friday, following steep farm losses from a historic drought that has deepened an already severe economic crisis in the country.

The French agricultural trading giant Louis Dreyfus will stop exporting Russian grain from July 1, the company said in a statement on Monday.