What's New

Nearly US$ 4 trillion: That is the amount of global crop and livestock production the FAO estimates has been lost over the past three decades due to disaster events. According to the new report, “The impact of disasters on agriculture and food security,” this equates to an average loss of US$123 billion per year and as much as 5 percent of annual global agricultural GDP.

The Global Report on Food Crises (GRFC) 2023 Midyear Update finds that while some countries have seen improvements in hunger and malnutrition in the first half of 2023, high levels of acute food insecurity remain worldwide. As in previous years, conflict, climate change, and economic shocks continue to be the main drivers of food crisis, with conflict playing the predominant role from January through August 2023.

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.

The number of people facing hunger around the world has increased by more than 122 million from 2019, according to the newly released annual State of Food Security and Nutrition in the World (SOFI) report, , a joint publication by the UN Food and Agriculture Organization (FAO), International Fund for Agricultural Development (IFAD), UNICEF, World Food Programme, and World Health Organization (WHO).

Commodity prices continued to fall in June, according to the FAO Food Price Index, which declined 1.4 percent from its May level. This reflects at 23.4 percent drop from June 2022.