Food Assistance Convention

18 November 2024

PRESS RELEASE

FOOD ASSISTANCE COMMITTEE PRESS RELEASE

The 20th FAC Session was held in a hybrid format in London on Friday 15 November 2024 under the Chairpersonship of Mr. Jürgen Drexler, Senior Expert (FAO, OECD, Food Assistance), Federal Ministry of Agriculture, Forestry, Regions and Water Management, Austria.

Parties of the Convention namely Australia, Austria, Canada, European Union, France, Japan, Korea (Rep. of), Luxembourg, Russian Federation, Slovenia, Spain, Sweden and the United States of America participated in the session.

The Committee reviewed the global situation regarding hunger, malnutrition and current food emergencies against the backdrop of recent developments, including the supply and demand outlook for global grains, rice and oilseeds markets.

The IGC Secretariat provided an update on the global grains market situation, including an overview of recent developments in export prices, the latest production forecasts and prospects for trade for the coming year. Moreover, the Secretariat gave an update on world supply and demand of pulses and on global dry bulk shipping markets.