Trade

The gathering of the Eleventh Ministerial Conference of the World Trade Organization in Buenos Aires Dec. 10-13 was impressive in size. It brought together nearly 4,000 ministers, senior trade officials and other delegates from the WTO's 164 members and observers as well as representatives from civil society, business and the global media.

Although food security has long been recognized as a universal human right, 815 million people worldwide remained undernourished in 2016. In addition, the number of hungry people around the world increased by 38 million between 2015 and 2016, marking a reversal in the trend of falling hunger seen over the past 20 years.

As the Eleventh WTO Ministerial Conference in Buenos Aires wraps up this week, the role of trade in reducing hunger and ensuring food security must be prioritized. This calls for enhanced international cooperation on a multilateral scale.

The October edition of the FAO GIEWS Food Price Monitoring and Analysis (FPMA) Bulletin finds mixed trends in international cereal prices. The global price of wheat rose by 6 percent in September, due in large part to weather-related concerns in the US, Australia, and Argentina. This places wheat prices 14 percent above their September 2016 levels; however, abundant global supplies and strong export competition have worked to limit the price increase.

The latest Crop Prospects and Food Situation report from FAO was recently released. Published quarterly, these reports focus on developments affecting the food situation of developing countries and Low-Income Food-Deficit Countries (LIFDCs). The report also includes an overview of global cereal production prospects and highlight countries that require external food assistance.

With about one-third of all food produced around the world lost or wasted each year, reducing food loss and waste is a key component in ending hunger and malnutrition. A major hurdle, however, stems from the fact that food loss and waste are complex issues, and thus properly measuring them and identifying where in the food system they occur remain a challenge. Food loss and waste have been defined in various ways in the literature, and there has thus far been no single measurement methodology agreed upon.