What's New

Food prices continued to decline, albeit more slowly, in October, according to the latest FAO Food Price Index. The Index was down 0.5 percent from September and 10.9 percent from October 2022.

With one in six people around the world almost entirely dependent on international trade to meet their food needs, agricultural trade can clearly play a pivotal role in both addressing and exacerbating food security challenges. While progress has been made to bring attention to food security needs in trade negotiations in recent years, harmful policies like temporary food export restrictions are still a common reaction to price spikes, market disruptions, and production shortfalls – shocks that are likely to become increasingly frequent due to climate change and ongoing conflicts.

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.

World Food Day 2023 (October 16) focuses on the theme “Water is Life, Water is Food. Leave No One Behind.” While no one doubts that water of sufficient quantity and adequate quality is essential to sustaining all life on Earth, including us humans, water is often taken for granted. This is largely due to the fact that its role in food systems and many other vital processes—including ecosystem health, energy production, and manufacturing—remains, on the whole, invisible.

The FAO Food Price Index remained virtually unchanged month-to-month in September and almost 24 percent lower than the peak reached in March 2022.