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.

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Both hard wheat and soft wheat prices are experiencing a period of excessive volatility, according to the Food Security Portal’s Excessive Food Price Variability Early Warning System. Hard wheat futures prices on the Chicago Board of Trade began experiencing excessive volatility earlier in August, while soft wheat prices began to see excessive movement toward the end of the month.

This piece originally appeared on the IFPRI.org blog
BY VALERIA PIÑEIRO AND SARA GUSTAFSON

The countries that make up the G20 account for around 60 percent of the world's agricultural land, some 80 percent of global agricultural trade, and about two-thirds of global population. As such, these countries have an important role to play in global food and nutrition security, as well as sustainable agricultural production.

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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According to a new report from GAIN and the United States Council for International Business, one in three people worldwide suffer from either undernourishment or overweight/obesity. This malnutrition crisis is now global, affecting every country in the world.

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