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Food Price Index Declined in August, While Rice Prices Spiked

Sep 9th, 2023 • by S. Gustafson

The FAO Food Price Index fell by around 2 percent in August, driven by declines in cereal, vegetable oil, dairy, and meat indices. This decline placed the Index 24 percent below the peak seen in March 2022. The major exception was rice prices, which saw a significant increase in August.

India’s new ban on rice exports: Potential threats to global supply, prices, and food security

Jul 26th, 2023 • by JOSEPH GLAUBER AND ABDULLAH MAMUN

On July 20, India announced that it would restrict exports of non-basmati rice to calm domestic rice prices that had risen more than 30% since October 2022 (Figure 1). The ban would halt overseas sales of the grain with “immediate effect,” the government announced, and is estimated to cover about 75%-80% of Indian rice exports.

Lessons from the Ukraine Crisis: New Ebook Released

Jul 23rd, 2023 • by S. Gustafson

With the world already reeling from the high food prices and other economic impacts of the COVID-19 pandemic, the outbreak of conflict in Ukraine in February 2022 again raised the specter of a major global food security crisis. Since that time, analysis of the extant and potential future impacts of the conflict on food and fuel prices, trade, food security, and poverty has been a primary focus for policymakers, researchers, and development professionals around the world.