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The FAO Food Price Index Continues to Decline

Jul 26th, 2022 • by Lexie Goldman

Marking the third consecutive monthly decline, the FAO Food Price Index fell 2.3 percent in June 2022 from the previous month, driven by declines in vegetable oils, sugar, and cereal prices while meat and dairy prices rose. Despite this continued decline, the index is still 23.1 percent above June 2021 levels.

Policy seminars: As global food prices rise, important new data addresses the affordability of healthy diets

Jul 26th, 2022 • by DREW SAMPLE

High food price inflation—driven by disruptions from the COVID-19 pandemic, climate shocks, and the war in Ukraine—has made the affordability of food and food insecurity top global concerns. Even before the current rise in prices, 3.1 billion people, about 40% of the global population, could not afford a healthy diet, according to the United Nation’s 2022 State of Food Security and Nutrition in the World (SOFI) report.

MC12: How to make the WTO relevant in the middle of a food price crisis

Jun 12th, 2022 • by JOSEPH GLAUBER, DAVID LABORDE, ABDULLAH MAMUN, ELSA OLIVETTI AND VALERIA PIÑEIRO

The World Trade Organization’s 12th Ministerial Conference (WTO MC12) takes place June 12-15 in Geneva—two years after the pandemic forced members to postpone its original schedule. In those two years, the world has changed and the importance of multilateral approaches to tackle international trade issues has become even more acute.

Can the G7 be a force for good in the current global food security crisis?

Jun 7th, 2022 • by DAVID LABORDE AND CARIN SMALLER

The Group of Seven wealthy nations (G7), currently led by the German presidency, has put a welcome focus on the global food insecurity and nutrition crisis unleashed by the war in Ukraine, with the most severe impacts falling on vulnerable populations in low- and middle-income countries (LMICs). The two May G7 meetings produced four separate communiqués, each of them dozens of pages long (the development ministers communiqué alone was 23 pages!) and a G7-led Global Alliance for Food Security was announced.