What's New

The FAO Crop Prospects and Food Situation Report for the last quarter of 2017 reports that 37 countries remain in need of food assistance. Twenty-nine of those countries are in Africa, seven are in Asia, and one is in Latin America and the Caribbean. Persistent conflict coupled with weather shocks resulting in production shortfalls are behind most of these needs. All of these factors have limited food access and availability in the affected countries, in some cases severely.

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.