Agricultural Development

The COVID-19 pandemic has caused unprecedented disruptions of social interactions, affecting both the supply and demand for food. These disruptions to jobs, income and food supply magnified and exacerbated existing inequalities. While the emerging urban middle class suffered greater income losses, the poor and vulnerable in rural and urban areas experienced the worst livelihood impacts. Many social programs, including cash transfers, nutrition and education were interrupted, delayed, or halted, setting back decades of process in reducing poverty, hunger, malnutrition and illiteracy.

The FAO Food Price Index continued to rise in March for the tenth consecutive month. The Index increased 2.1 percent from February, bringing it to its highest value seen since June 2014. The rise was led by increased prices for vegetable oils, meat, and dairy. Cereal prices declined in March.

The number of undernourished people around the world rose from 653 million in 2015 to 690 million in 2019. According to a recent policy brief produced for the Food Systems Summit, more than 840 million people could suffer from by 2030, putting Sustainable Development Goal 2 – the eradication of hunger and malnutrition by 2030 – in serious jeopardy.  

While women contribute significantly to global agricultural production, they often lack access to credit and finance, training and extension services, resources, and land rights, putting them at higher risk of malnutrition, food insecurity, and poverty. Increasing women’s empowerment in agriculture is a critical step in ensuring gender equity and reducing hunger for all.

The FAO Food Price Index continued to climb for the ninth consecutive month. Food prices rose by 2.4 percent in February to reach the highest levels seen since July 2014.