Washington Food Events Calendar
Reuters The U.N.s Food and Agriculture Organizations food-price index measures the monthly change in the international prices of a basket of food commodities. While the most recent food price spike in 2011 was triggered by a lack of cereal supply, the recent declines in food prices are mainly due to higher expected supplies of corn this year. The FAO index averaged 199.1 points in September, 1% lower than in August and 5.4% lower since the start of the year. Global cereal production, which includes wheat and corn, is expected to be 8% higher over 2012s level, at 2.49 billion tons. The U.S., the worlds largest corn producer, is responsible for the bulk of the increase, expected to harvest a record crop of 348 million tonsthats 27% higher than the previous year. U.S. corn supplies have been tight since the size of last years harvest was hit by severe drought. But after high acreage seeded with corn this spring and largely favorable summer weather, the U.S. Department of Agriculture forecasts record U.S. corn output this year. That should push corn prices lower. Current levels mark a drastic turnaround since food prices soared to new heights in early 2011 amid global supply constraints for cereals, sugar and cocoa. Rising food prices helped spark the unrestknown as the Arab Springthat analysts say ultimately ousted the leaders of Tunisia, Egypt and Libya. The London-based International Grains Council this month said world corn production during the 2013-14 crop year will hit 943.2 million tons.
Free. St. Mary Armenian Apostolic Church, 4125 Fessenden St. NW. 202-363-1923. 202-363-1923. www.stmaryaac.org . THE BUSINESS OF BOOZE: Industree hosts a panel discussion with area bartenders, brewers, wine experts and distillers. A portion of the proceeds goes to Nourish Now and D.C. Central Kitchen. 5-7:30 p.m.