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  • Publication | 2024

World Bank - Food Security Update - 01/02/2024

Global Food and Nutrition Security

Highlights:

  • Since the last update on January 18, 2024, the agricultural, export, and cereals price indices closed 3 percent, 7 percent, and 1 percent higher, respectively.
  • Domestic food price inflation remains high in low-, middle-, and high-income countries.
  • According to a recent blog from the International Food Policy Research Institute (IFPRI), the recent attacks by Houthi rebels on ships in the Red Sea have triggered a 40 percent decrease in trade volumes in the Suez Canal, which is decreasing global food security
  • The Global Economics Prospects 2024 report emphasizes the critical problem of food insecurity within the context of various challenges.
  • A blog post from the World Bank Agriculture and Food Global Practice discusses the urgent need for circular food systems to address environmental challenges caused by the linear "take-make-consume-dispose" model dominating the global food system.