The State of food and agriculture 1973

The world food situation in 1973 is more difficult than at any time since the years immediately following the devastation of the Second World War. As a result of droughts and other unfavourable weather conditions, poor harvests were unusually widespread in 1972. Cereal stocks have dropped to the lowest level for 20 years. In the new situation of worldwide shortage, changes are occurring with extraordinary rapidity. Prices are rocketing, and the world's biggest agricultural exporter has had to introduce export allocations for certain products.
World food production in 1972 was slightly smaller than in 1971, when there were about 75 million fewer people to feed. This is the first time since the Second World War that world production has actually declined.
There have 1101V been two successive years of poor harvests in the developing countries. After a series of encouragingly large harvests (especially in the heavily populated Far East) in each of the four years 1967-70, 1971 brought only a small increase in food production in the developing countries as a whole. In 1972 the Neat. East was the only developing region to record a large increase, and with a substantial drop in the Far East (3 percent) no increase occurred in the total food production of the developing countries.

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