What's New

The latest FAO Food Price Index reports that global food prices fell by 1.5 percent in September. However, the Index remains 5.5 higher than its September 2021 level. The decline from August was driven by significant drops in vegetable oil prices and more moderate drops in sugar, meat, and dairy products; cereal prices rose in September.

After the sharp rise in international prices of wheat and other staple foods in the wake of Russia’s February invasion of Ukraine, since May prices have fallen back to pre-war levels. Has the global food price crisis now come to an end? Unfortunately, such a conclusion is premature. Domestic food prices for consumers continue to rise in most countries. Meanwhile, ongoing uncertainties—not the least of which is the continuing war—augur for continued turmoil in global food markets.

For the fourth consecutive year, global acute food insecurity rose in 2022. As many as 205.1 million people across 45 countries and territories are in IPC Phase 3 (Crisis) or higher food insecurity as of September 2022, according to the Global Report on Food Crisis Mid-Year Update. That represents an increase of 29.5 million people from 2021.

Climate change poses a growing threat to efforts to build sustainable food systems. The COVID-19 pandemic and the current Ukraine crisis have further exacerbated global food and nutrition insecurity, leading to significant increases in poverty, hunger, and malnutrition. A July 18 launch event for IFPRI’s 2022 Global Food Policy Report (GFPR) in Kathmandu, Nepal, explored the potential for more effective policies and programs focused on climate impacts and food systems.

Development agencies are pouring in billions of dollars to address the global food crisis exacerbated by Russia’s war on Ukraine. The World Bank, the G7, the European Union’s Team Europe, and the United States have collectively pledged more than $40 billion to avert food and humanitarian crises. Yet this much-needed assistance carries its own risks. Without a gender lens, the proposed measures will fail to meet the specific needs of women and girls and might worsen existing gender inequalities.