1945

The years 1987 and 1988 witnessed a marked turnaround in the world agricultural and food security situations. Some important agricultural commodity markets shifted from having a global surplus to a situation of relative scarcity, and international prices increased significantly, after having fallen to their lowest levels in many years. World stocks of cereals, oilseeds and products, dairy products and even sugar were sharply reduced from previous high levels, but meat, cocoa, coffee, tea and cotton supplies remained large. In this overall situation it was the current and projected levels of cereal stocks that underlined the need for continued vigilance from the perspective of global food security.

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