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The Russia-Ukraine grain agreement: What is at stake?

Jul 29th, 2022 • by JOSEPH GLAUBER AND DAVID LABORDE

On July 22, Ukraine and Russia reached an agreement to allow exports of grain and other agricultural products to resume from selected Ukraine Black Sea ports after months of Russian blockade. The agreement comes at a time when storage capacity is reaching its limits, with the much of the 2022 wheat harvest and the approximately 20 million metric tons of grains and oilseeds harvested in 2021 remaining in storage—unable to ship because of the blockade.

The FAO Food Price Index Continues to Decline

Jul 26th, 2022 • by Lexie Goldman

Marking the third consecutive monthly decline, the FAO Food Price Index fell 2.3 percent in June 2022 from the previous month, driven by declines in vegetable oils, sugar, and cereal prices while meat and dairy prices rose. Despite this continued decline, the index is still 23.1 percent above June 2021 levels.

Policy seminars: As global food prices rise, important new data addresses the affordability of healthy diets

Jul 26th, 2022 • by DREW SAMPLE

High food price inflation—driven by disruptions from the COVID-19 pandemic, climate shocks, and the war in Ukraine—has made the affordability of food and food insecurity top global concerns. Even before the current rise in prices, 3.1 billion people, about 40% of the global population, could not afford a healthy diet, according to the United Nation’s 2022 State of Food Security and Nutrition in the World (SOFI) report.

MC12: How to make the WTO relevant in the middle of a food price crisis

Jun 12th, 2022 • by JOSEPH GLAUBER, DAVID LABORDE, ABDULLAH MAMUN, ELSA OLIVETTI AND VALERIA PIÑEIRO

The World Trade Organization’s 12th Ministerial Conference (WTO MC12) takes place June 12-15 in Geneva—two years after the pandemic forced members to postpone its original schedule. In those two years, the world has changed and the importance of multilateral approaches to tackle international trade issues has become even more acute.