In 2024 food security is likely to remain one of the critical challenges for the world to face. The World Bank has therefore included food and nutrition security among the eight global challenges to address at scale, and has mobilized $45 billion in resources to tackle issues and protect livelihoods worldwide — surpassing its initial projected commitment of $30 billion announced  in May 2022. 

Over the past three decades, the world lost as much as $3.8 trillion in agricultural products as a result of disaster events, according to a new flagship report from the UN Food and Agriculture Organization. That equates to a loss of around 5 percent of global agricultural GDP per year and has serious implications for food security, agricultural livelihoods, and the sustainability of the global agrifood system.

In early 2022, Sudha Narayanan, Shahidur Rashid, and I (IFPRI), and Alex Winter-Nelson (University of Illinois) began pulling together a Special Issue for the journal Applied Economic Perspectives and Policy focused on COVID-19 in South Asia. Our goal was to distill forward-looking lessons for the developing world by drawing on similar and disparate country-level experiences. The issue is now available online and its 14 papers provide important lessons for future shocks.

Since early 2020, Guatemala has faced a multitude of food security shocks: from the outbreak of the COVID-19 pandemic and resulting restrictions on movement and disruptions to agricultural trade to widespread flooding following several major tropical storms to skyrocketing staple food prices. A new article in World Development examines the immediate and longer term impact of these shocks on households’ incomes, diets, food security, and migration decisions, particularly in rural areas.

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.

The real global price of food surged in 2022, reaching well above the previous peak seen in the 2011 food price crisis. While prices declined somewhat in July 2022, they remain alarmingly high, and some countries have enacted policies, such as export bans, to try to rein in prices on their domestic 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.

In many places around the world, hunger is worse than ever before.

That’s the message of the 2022 Global Report on Food Crises (GRFC), released this week. The report paints a grim picture of global food security. Almost 193 million people across 53 countries/territories were acutely food insecure in 2021, up nearly 40 million people from 2020. This number represents a new record and is only expected to worsen throughout 2022.

Food prices are skyrocketing around the world. In January, international prices for major food items climbed to a level near the heights of the global food price crises of 2007-08 and 2010-11, according to the FAO Food Price Index (Figure 1). The spike has raised concerns over the potential for another global food crisis, increasing hunger among the poor and, possibly, social unrest around the world.

Scientists from the Alliance of Bioversity International and CIAT, led by Vanya Slavchevska, undertook a rapid study to gather evidence on the initial impacts of COVID-19 on cassava smallholders in Cambodia and Vietnam. 
The research evaluates how smallholders coped with the economic consequences of COVID-19 in the short term, and whether livelihood diversification strategies mediated or exacerbated the impacts of the crisis.

The COVID-19 pandemic context