Trade: India challenges move to incorporate IFDA into WTO framework (PRIV)
(D. Ravi Kanth, Geneva)
Ahead of the World Trade Organization's General Council (GC) meeting on 16-17 December, India has pushed back against the incorporation of the proposed Investment Facilitation for Development Agreement (IFDA) into Annex 4 of the WTO Agreement dealing with plurilateral agreements, citing "legal and systemic concerns."

UN: Global food prices drop for third month running, says FAO (PRIV)
(Kanaga Raja, Penang)
World food commodity prices continued their downward trend in November, led by lower international quotations for dairy, meat, sugar, and vegetable oils, which outweighed a modest rise in cereal prices, according to the Food and Agriculture Organization of the United Nations (FAO).

UN: Global cereal output to break 3 billion tonne record in 2025, says FAO (PRIV)
(Kanaga Raja, Penang)
Marking a historic milestone for global food supply, global cereal output is projected to reach a record high in 2025, topping three billion tonnes for the first time ever, driven largely by stronger-than-expected wheat harvests in Argentina, according to the Food and Agriculture Organization of the United Nations (FAO).