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Concerns over wheat supplies and prices, plus the impact of biofuels on vegetable oil markets: Latest FAO Food Price Index and AMIS Market Monitor released
The FAO Food Price Index rose by nearly 1 percent in May due to increased cereal and dairy prices. It remained 3.4 percent below its May 2023 levels and nearly 25 percent below the peak seen in March 2022.
FEWS Net Gaza Update: Food Aid Increases in April But Food Supplies, Access Remain Low
Despite an increase in food aid delivered to the region, the food security situation in the Gaza Strip remains dire, according to an updated FEWS Net report released in late April.
Soaring cocoa prices: Diverse impacts and implications for key West African producers
Cocoa bean prices have been rising since the last quarter of 2023, hitting a record high of $10.97 per kilogram on April 19 (Figure 1). The price spike is due to a significant drop in bean production by major global suppliers—four key producing nations in West and Central Africa account for more than 60% of the world's supply of cocoa beans: Cote d’Ivoire (with 38% of the global production in 2022), Ghana (19%), Nigeria (5%), and Cameroon (5%).1
FAO Food Price Index Rose Slightly in March
After seven months of declines, the FAO Food Price Index rose slightly in March due to increased vegetable oil, dairy, and meat prices. The Index remained 7.7 percent below its March 2023 levels.
The war in Ukraine continues to undermine the food security of millions
The war in Ukraine continues to disrupt the country’s agrifood sector, posing an ongoing threat to food security. Damage to critical infrastructure is hindering agricultural activity and the transportation of essential food to local markets and to export destinations. This situation, together with destroyed livelihoods and high inflation, is hampering access to food for millions of Ukrainians.
More than 7 million Ukrainians face acute food insecurity