What's New

In 2024 food security is likely to remain one of the critical challenges for the world to face. The World Bank has therefore included food and nutrition security among the eight global challenges to address at scale, and has mobilized $45 billion in resources to tackle issues and protect livelihoods worldwide — surpassing its initial projected commitment of $30 billion announced  in May 2022. 

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.

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.

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.

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.