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Disaster Events Lead to Trillions of Dollars in Agricultural Losses: New FAO Flagship Report Released
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.
India’s export restrictions on rice continue to disrupt global markets, supplies, and prices
Six months after India introduced a set of export restrictions on rice with the aim of holding down domestic prices, global rice markets continue to feel the impact.
Amid conflict and climate risks, FAO highlights crucial role of AMIS in global food market stability
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.
Food Prices Decline in January But Potential Shocks Remain
The FAO Food Price Index continued its decline in January, driven mainly by falling cereal and meat prices. The January 2024 Index was 10.4 percent below its January 2023 level.
Sustainable agriculture, resilient food systems, and climate action: A post-COP28 look at policy imperatives at international and country levels
Despite the inconclusive outcome on the COP27 Sharm El-Sheikh Implementation Plan in Dubai, COP28 has nonetheless been hailed for putting a much needed and strong focus on food systems, which are simultaneously threatened by and contribute to climate change.