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With reference to UN Food and Agriculture Organisation report, consider the following statements:
1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.
2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to UN Food and Agriculture Organisation report, conside...
Last week, the UN Food and Agriculture Organisation released data showing its world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.
- No less significant, though, is the way the FPI has oscillated since the outbreak of Covid-19.
- In May 2020, when the global economy was in the doldrums, it had collapsed to a four-year low of 91.1 points. From there to a ten-and-a-quarter-year-high now has been quite a climb.
- Much of this roller-coaster has had to do with oil.
Fuel and food
- One reason why petroleum and agri-commodity prices move in tandem is the bio-fuels link.
- When crude prices rise, blending ethanol from sugarcane and corn (maize) with petrol or diverting palm and soyabean oil for biodiesel production becomes that much more attractive.
- Cotton, likewise, turns relatively affordable vis-à-vis petrochemicals-based synthetic fibres.
- Also, since corn is primarily an animal feed, its diversion to ethanol leads to substitution by other grains, including wheat, for livestock use. That, then, pushes up prices of foodgrains as well.
- The same happens to sugar, as mills step up the proportion of cane crushed for fermenting into alcohol.
- Hence both statements are correct.
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With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?, a detailed solution for With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of With reference to UN Food and Agriculture Organisation report, consider the following statements:1. According to UN Food and Agriculture Organisation the world Food Price Index (FPI) averaging 133.2 points in October, the highest since July 2011.2. The diversion of corn to ethanol leads to substitution by other grains, including wheat, for livestock use.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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