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A first look at the 2021 State of Food Security and Nutrition in the World (SOFI) Report: ending hunger by 2030 remains a challenge
According the 2021 State of Food Security and Nutrition in the World (SOFI) Report released today, we are not on track to achieve the goal of ending global hunger by 2030 (SDG2). The compounding effects of COVID-19 coupled with drivers of food insecurity – conflicts, climate change and economic slowdowns and downturns – have further swerved us from the path.
The FAO Food Price Index declined in June following twelve consecutive months of rising prices. The Index fell by 2.5 percent from May, driven by declining vegetable oil, cereal, and dairy prices. Despite the June decrease, however, the Index remains 33.9 percent above its May 2020 level.
This blog was originally posted on IFPRI.org. It was written by Swati Malhotra and Alexandria Richter.
More than 155 million people experienced acute food insecurity at crisis level or worse around the world in 2020, an increase of 20 million from 2019 and a five-year high, as the COVID-19 pandemic compounded economic shocks, conflicts, and climate and severe weather impacts, estimates the 2021 Global Report on Food Crises (GRFC).
Global food prices are on the rise. FAO’s Food Price Index indicates prices in international markets have risen by 40 percent from a year ago (May 2020). Prices of vegetable oils in particular have surged, showing an increase by almost 110 percent over the past year. Other commodity prices, like those for metals, oil, and other minerals prices also have shown sustained increases since mid-2020.
How concerned should we be?