What's New

Ten years after the launch of AMIS and the Food Security Portal’s Excessive Price Variability Early Warning System, managing and reducing food price volatility remains a clear priority for global food security.

As reported earlier this month, global wheat prices declined slightly in June after 12 straight months of increases. The recent decline was based on favorable production prospects in several major producing regions, including Europe, India, and the Black Sea region. Wheat futures prices followed suit, dropping by 6 percent in June.

Our window of opportunity for achieving SDG 2 — eradicating hunger and malnutrition and ensuring access to safe, nutritious, and sufficient food for all by 2030 — is closing rapidly. However, far from moving closer to that goal, the world has seen a resurgence of hunger and food insecurity.

According the 2021 State of Food Security and Nutrition in the World (SOFI) Report released today, we are not on track to achieve the goal of ending global hunger by 2030 (SDG2). The compounding effects of COVID-19 coupled with drivers of food insecurity – conflicts, climate change and economic slowdowns and downturns – have further swerved us from the path.

The FAO Food Price Index declined in June following twelve consecutive months of rising prices. The Index fell by 2.5 percent from May, driven by declining vegetable oil, cereal, and dairy prices. Despite the June decrease, however, the Index remains 33.9 percent above its May 2020 level.

Introduction