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Weekly Roundups

World's Primary Forum for Fisheries Meets

By Antonio Gozain | Wed, 06/08/2022 - 16:50

As fisheries and aquaculture still face sustainability challenges, the Committee on Fisheries (COFI), the world’s primary forum for fisheries and aquaculture trade discussions, gathered for the first time since the COVID-19 pandemic outbreak. Fisheries and aquaculture products represent a US$150 billion business and are among the most traded food commodities, involving over 225 countries and territories.

“The pandemic's effects on production, supply systems and markets caused significant disruptions and changes in the fisheries and aquaculture sector. Now, the sector’s resilience is being tested again as the effects of the war in Ukraine, as well as other conflicts around the world, are adding to the complexity of global operations of fisheries and aquaculture products,” said during the meeting QU Dongyu, Director General, UN Food and Agriculture Organization (FAO).

 

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Conservation Agriculture, Intercropping: An Option for Mexico and Canada

Considering the challenges posed by climate change and food security, officials from Mexico’s Ministry of Agriculture and Rural Development, Canada’s Ministry of Agriculture and Food and the Canadian Ambassador to Mexico gathered to discuss sustainable practices related with intercropping, relay crops and conservation agriculture.

Advance Lithium Sees Opportunities in Potassium Production

Despite the uncertain environment in Mexico, Advance Lithium sees an opportunity for its lithium concessions and its innovative technology to extract the white gold. While the current Mexican law guards lithium, the company sees a great opportunity in producing potassium, which is used as an agricultural fertilizer. Currently, all the potassium used by Mexican farmers is imported at high prices, mainly driven by the Russian invasion of Ukraine as Moscow exports 15 percent of fertilizers.

FAO Food Price Index Dips in May

World food commodity prices “declined modestly” in May for the second consecutive month, reported FAO. Although wheat and poultry prices pushed higher, the FAO Food Price Index averaged 157.4 points in May 2022, a 0.6 percent decrease compared with April. However, the index, which tracks monthly changes in the international prices of a basket of commonly-traded food commodities, remained 22.8 percent higher than in May 2021.

The data used in this article was sourced from:  
MBN, Mexican Government, FAO
Photo by:   Unsplash
Antonio Gozain Antonio Gozain Journalist and Industry Analyst