Agricultural Development

Russia’s 2022 invasion of Ukraine triggered global disruptions in markets for key food crops and fertilizers, threatening food security worldwide. With the war now entering its second year, high international food prices have moderated, though domestic price levels remain high in many low- and mid-income countries. Here, we turn to global fertilizer markets, examining how they weathered the past year and the likely impacts going forward for agricultural production and food security.

The FAO Food Price Index continued to drop slightly in February, reaching almost 19 percent below its March 2022 peak. This represents the eleventh consecutive month of decline.

New technologies like remote sensing, digital advisory services, and digital financial tools have the potential to dramatically transform agricultural value chains in low- and middle-income countries (LMICs). But are these countries able to truly take advantage of this potential? Not without further investment, says a chapter in the recent book titled Science and Innovations for Food System Transformation.

As the world grapples with the increasing impacts of climate change, global policymakers need to take much stronger action to reduce the emission of greenhouse gases (GHG). This is the message from the recent UN Environment Programme’s Emissions Gap Report 2022. The report provides the stark conclusion that current national climate change pledges can only limit global warming rises by 2.4-2.6°C by the end of the century – far from the 1.5°C goal set forth by the Paris Agreement. To stand a chance of reaching that ambitious goal, global GHG emissions need to be cut by 45 percent by 2030.

This blog post is based on the T20 Policy Brief, "Environmental Sustainability of Food Systems, Global Food Security and Trade."

Mitigating climate change and the degradation of natural resources while increasing the production of safe and nutritious food to eradicate hunger and ensure food security for a rapidly growing population is the most important and urgent challenge facing humanity today.