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With the world facing continued population growth and the specter of climate change, food prices and food security are issues of growing global importance. The 2007-2008 and 2010-2011 food price crises have had lasting impacts on the face of the global food security environment; since 2001, food price volatility has been at its highest level in 50 years, and the uncertainty caused by this volatility is particularly detrimental for the world’s poor.

Increasing global agricultural productivity faces many challenges, including a growing global population, increasing incomes (and thus increased demand for more labor- and resource-intensive foods such as meat and dairy), and climate change. Finding ways to sustainably increase agricultural production, particularly in developing countries, is crucial for food security.

The FAO Food Price Index averaged 204 points in May, representing a 4 percent drop from April prices and the biggest percentage decrease since March 2010. At this level, the Food Price Index is 14 percent below its peak in February 2011.

Sustainable development is receiving increasingly widespread attention, being prioritized by the recent G8 Summit and upcoming G20 and Rio+20 Summits. But how can sustainable development realistically be achieved when millions of people worldwide live in food insecurity?

FEWS NET has released the latest Monthly Price Watch for May 2012. The report cites slight fluctuations in the international grains markets, with wheat increasing in many markets and maize export prices continuing to decrease. In both East and West Africa, staple food prices (particularly cereals prices) increased in April. These increases were due to diminishing stocks from previous harvests (East Africa) and a rapid increase in demand that is still unmatched by supply (West Africa, particularly the Sahel).

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