Economic Collapse

World food prices climb in April, cereal output seen rising – U.N. FAO. ‘A measure of wheat for a penny.’

Blog note. Jesus indicated that ‘fearful sights’ (various natural disasters) would occur leading up to the time known as the Tribulation and Great Tribulation (a combined seven year period of great destruction on earth). Although these types of things have occurred in the past for centuries and thousands of years, they could be identified as the ‘season of the times’ due to the ferociousness of these events. They would be occurring in greater intensity, severity, frequency, size, duration, scope … just like the pains that a woman experiences in labor the farther along she is in the labor process. We are in the ‘season of the times’ that comes just before the seven (7) year Tribulation/Great Tribulation period
… And great earthquakes shall be in diverse places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven. (Luke 21:11).
… And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; (Luke 21:25)
… Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken; (Luke 21:26)
… This know also, that in the last days perilous times shall come. (2 Timothy 3:1)
Jesus is giving a series of prophecies about what to look for as the age of grace comes to a close. These verses are several of many such prophecies from throughout the Bible. 2017 was the worst year in recorded history for the intensity, frequency, severity, duration and occurrence of a large number of severe natural disasters worldwide. Earthquakes, volcanoes, hurricanes, typhoons, cyclones, torrential flooding, unprecedented wildfires in unusual places, devastating droughts, excessive/scorching heat setting records everywhere, record snowfalls in Europe and Russia. Snow in the Arabia. This list can go on. Most studied Eschatologists believe these ‘fearful sights’ and massive natural disasters are all part of the ‘CONVERGENCE’ of signs that this Biblical and prophetic age is closing. Most people who study prophecy are familiar with the routine reference(s) made that these things will be like a woman having labor.

World food prices climb in April, cereal output seen rising – U.N. FAO. ‘A measure of wheat for a penny.’

Reuters•May 9, 2019

ROME, May 9 (Reuters) – World food prices rose some 1.5 percent in April, with a jump in dairy and meat prices helping offset a fall in cereal quotations, the United Nations food agency said on Thursday.

The Food and Agriculture Organization (FAO) also issued its first forecast for global cereal production this year, seeing a record output for 2019 following a decline in 2018.

FAO’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 170.1 points last month against an upwardly revised 167.5 points in March.

The March figure was previously given as 167.0.

The index in April was at its highest level since last June, but still some 2.3 percent below its level of one year ago.

The FAO dairy price index jumped 5.2 percent from March’s value, its fourth successive monthly rise, driven by strong import demand for butter, whole milk powder and cheese.

The meat price index rose 3.0 percent month-on-month, pushed higher in part by a rise in pig meat quotations following a surge in import demand in Asia, notably China, where the rapid spread of African Swine Fever has impacted the local market.

The sugar and vegetable oil indices also rose, but the cereal index fell 2.8 percent last month — its fourth consecutive decline, with wheat leading the way down as prospects for a strong 2019 production hit prices.

FAO said the cereals index in general was pressured by “large export availabilities and slowing trade.”

In its first forecast for 2019, FAO predicted world cereal production would come in at a record 2.722 billion tonnes this year, up 2.7 percent on 2018 levels, when output declined.

“Among the major cereals, wheat, maize and barley would account for most of the rise in cereal production, with projected year-on-year increases of 5.0 percent, 2.3 percent and 5.4 percent, respectively,” FAO said.

Global rice production was seen largely stable.

FAO said global food consumption of cereals was set to rise by at least 1.1 percent this year, due to the growing world population, with world cereal utilization seen rising 1.5 percent in 2019/20.

This meant that world cereal stocks are likely to be drawn down by 0.7 percent to 847 million tonnes — the lowest volume since 2015/16. (Reporting by Crispian Balmer)

Leave a Reply