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How Much Is Lost When Disaster Strikes? New FAO Report Looks at Impact on Agricultural Production, Food Security
Nearly US$ 4 trillion: That is the amount of global crop and livestock production the FAO estimates has been lost over the past three decades due to disaster events. According to the new report, “The impact of disasters on agriculture and food security,” this equates to an average loss of US$123 billion per year and as much as 5 percent of annual global agricultural GDP.
Over Quarter Billion People Face Acute Food Insecurity in 2022: GFRC Released
The world reached a stark milestone in 2022, with over a quarter of a billion people in 58 countries/territories experiencing acute food insecurity (defined as IPC Phase 3 (Crisis) or higher), according to the 2023 Global Report on Food Crises (GRFC).[1] This number represents the fourth consecutive year of increasing food insecurity rates and the highest level seen in the seven-year publication history of the report. An additional 253 million people in 41 countries/territories experienced lower levels of food insecurity (IPC Phase 2 (Stressed)).
We must build food system resilience before the next crisis
In February 2022, news of Russia’s invasion of Ukraine dominated headlines around the world. Policymakers everywhere worried about the potential ripple effects of the invasion on the economic recovery from COVID-19, as well as on political stability — and food and nutrition security. These worries proved to be well-founded: International food prices spiked by nearly a third and fertilizer prices tripled.
Price Insulation And Global Wheat Markets
The real global price of food surged in 2022, reaching well above the previous peak seen in the 2011 food price crisis. While prices declined somewhat in July 2022, they remain alarmingly high, and some countries have enacted policies, such as export bans, to try to rein in prices on their domestic markets.
Hunger Levels Continue on the Rise: 2022 Global Hunger Index Released
Over the past two years, the impacts of ongoing regional conflicts, climate change, the COVID-19 pandemic, and the Russian-Ukraine war have drastically weakened the world’s already inadequate, unsustainable food systems. This confluence of factors has induced in supply chain disruptions and high and volatile prices for food, fertilizer, and fuel, and the result has been the third global food crisis in less than two decades.