| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : International Last Updated: Apr 24, 2009 - 5:31:05 PM


Economic crisis threatens "potato boom"; China is the world's biggest potato producer
By Finfacts Team
Dec 15, 2008 - 9:41:47 AM

Email this article
 Printer friendly page

A potato sorting factory in the Nile Delta, Egypt.

Booming potato production in the developing world could falter as the global economic slowdown reduces investment, trade and potato farmers' access to credit, a new report from the UN's Food and Agriculture Organisation (FAO) warned today.

The threat comes at a time when potatoes have become an important staple food and a lucrative cash crop in many developing countries. China is the world's biggest potato producer, and Bangladesh, India and Iran are now among the world's leading potato consumers.

Drawing on the most recent FAO statistics, the report New light on a hidden treasure shows that the potato is the world's number one non-cereal food crop, with total production reaching a record 325 million tonnes in 2007. More than half of the global harvest was produced in developing countries.

However, the report says "dark clouds are gathering over prospects for the year ahead". The global economic slowdown threatens to reduce flows to developing countries of investment and development assistance, including the support to agriculture that has helped many countries strengthen their potato sectors.

Developed countries may be tempted to raise trade barriers, which already apply stiff tariffs on imported potato products, while the banking crisis will leave many farmers with no credit to invest in production in 2009.

"Urgently needed is a vigorous new agenda for potato research and development aimed at protecting countries' food security and providing new market opportunities for potato producers," said NeBambi Lutaladio, coordinator of FAO's International Year of the Potato 2008 secretariat.

Currently, potato yields in Africa, Asia and Latin America average just 15 tonnes per hectare, less than half of those achieved in Western Europe and North America. To strengthen potato farming in developing countries, FAO and the International Potato Center have called for "potato science at the service of the poor" to provide potato growers with better quality planting material, varieties that are more resistant to pests, diseases, drought and climate change, and farming systems that make more sustainable use of natural resources.

"Farmers in highland areas of Africa can harvest 25 tonnes of tubers from one hectare in just 90 days, which is why potato production is booming in countries like Uganda," said NeBambi Lutaladio. "When you add value to production like that, through better storage and processing, you not only meet food needs, but have a highly profitable cash crop that can drive economic development and sustain livelihoods.

"But technology improvements need to be accompanied by other, more general measures for agricultural development, such as improved farmer access to extension, credit and production inputs, better post-harvest management and links to agro-processing and markets,"
Lutaladio said.

Related Articles
Related Articles


© Copyright 2009 by Finfacts.com

Top of Page

International
Latest Headlines
Wednesday newspaper review: December 17, 2014
Tuesday newspaper review: December 16, 2014
Monday Newspaper Review - Irish Business News and International Stories - - December 08, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 28, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 27, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 25, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 21, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 20, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - November 19, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 18, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 17, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 14, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 13, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - November 12, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 11, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 10, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 06, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 04, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 03, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 31, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 30, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 29, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 28, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 24, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 22, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 21, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 20, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 17, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 16, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 15, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 13, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 10, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 09, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 08, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 07, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 06, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 02, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 01, 2014
Monday Newspaper Review - Irish Business News and International Stories - - September 29, 2014
Friday Newspaper Review - Irish Business News and International Stories - - September 26, 2014