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In January 2018, the FAO Food Price Index rose by 1.8 percent from its end-of-the-year levels. This increase was driven mainly by a sharp rise in dairy prices, as well as slighter increases in vegetable oil and sugar prices. The Index remained 2.2 percent below January 2017 levels, however.

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This post originally appeared on IFPRI.org

By Shenggen Fan and Rob Vos

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This piece originally appeared on IFPRI.org. By Marcia McNeil

The world’s agricultural monitoring systems provide up-to-date information on food production to decision makers that is crucial to global and national food security. When prices become dangerously volatile—as they did during the food price crisis of 2007-2011—these systems spread critical information quickly that can reduce the risks of market and supply upheavals.

By: Sophie Theis and Elena Martinez
This piece originally appeared on the IFPRI.org blog

As the world strives to feed a growing population in the face of declining natural resources and ongoing food security crises, commitment from policymakers to a sustainable food future is more important than ever. Argentina’s G20 Presidency has set sustainability and food security as a top priority for this year’s upcoming Ministerial Meeting, and these priorities were also focus of the recent T20 (Think 20) Summit, held in Buenos Aires in September 2018.

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The FAO Food Price Index declined somewhat in September, falling 1.4 percent from August to an average of 165.4 points. This represents a 7.4 percent decline from September 2017 levels.

The challenges facing global food security continue to increase, driven by ongoing conflict and climate shocks. According to the 2018 State of Food Security and Nutrition in the World Report (released last week by FAO, IFAD, UNICEF, WFP, and WHO), 821 million people were undernourished around the world in 2017; this represents a further rise from the 815 million estimated by the 2017 report. This troubling rise in undernourishment reverses progress seen over the past decade.

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The FAO Food Price Index remained virtually unchanged in August, although cereal prices rose as a result of declining crop prospects. At 167.6 points, the Index is around 9 percent lower than its August 2017 levels.

Hard wheat prices continued to experience excessive volatility this week, according to the Food Security Portal’s Excessive Food Price Variability Early Warning System.

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The FAO Food Price Index fell sharply in July, the largest such decline since December 2017. The Index dropped by around 3.7 percent month-to-month from June, as well as 3.7 percent from its July 2017 levels. The decline is driven by reductions across all sub-indices.

The Cereal Price Index fell 3.6 percent from June and 0.8 percent from July 2017. The price of wheat, maize, and rice declined in June, although maize and wheat prices crept back up toward the end of the month due to concerns over production prospects.

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