What's New

The real price of food has risen dramatically in 21st century, with the FAO food price index peaking at an all-time high in March 2022 at 116% above its 2000 value (Figure 1). While food inflation has long been a cause of concern for nutrition agencies in low- and middle-income countries (LMICs), new evidence is shedding light on the potential impacts of rising food prices on child malnutrition in LMICs.

Figure 1

Two years after Russia launched its full-scale invasion of Ukraine on February 24, 2022, the war continues to disrupt agricultural production and trade in Ukraine—one of the world's largest agricultural exporters—and poses an ongoing threat to global food security. Yet global commodity markets have adjusted to these disruptions, in part to due to increased exports by other suppliers, including Russia, easing the initial shock.

Israel’s continuing attacks against Hamas are causing massive collateral damage to agricultural livelihoods and food supplies in the Gaza Strip. More than one third of agricultural lands in Gaza have been damaged since the outbreak of the war on October 7, 2023, according to analysis based on satellite imagery by the United Nations Satellite Centre (UNOSAT) and the UN Food and Agriculture Organization (FAO).

Over the past three decades, the world lost as much as $3.8 trillion in agricultural products as a result of disaster events, according to a new flagship report from the UN Food and Agriculture Organization. That equates to a loss of around 5 percent of global agricultural GDP per year and has serious implications for food security, agricultural livelihoods, and the sustainability of the global agrifood system.

In the face of escalating conflicts, economic slowdowns and downturns, and the growing climate crisis, the Agricultural Market Information System (AMIS) plays a crucial role in enhancing transparency and policy coordination in international food markets, Maximo Torero, Chief Economist of the Food and Agriculture Organization of the United Nations (FAO), has said.

Speaking at an expert panel at the Global Forum for Food and Agriculture (GFFA) 2024 in Berlin, he stressed how AMIS has helped to prevent unexpected price hikes and strengthen global food security.