Highlights:

• Since the last update on March 28, 2024, the agriculture and export price indices closed 3 percent higher and 8 percent higher, respectively, while the cereal price index closed at the same level.

• Domestic food price inflation remains high in low- and middle-income countries.

• The most recent Agricultural Market Information System (AMIS) market monitor finds a month-on-month decrease in wheat and rice export prices. Coupled with a longer-term downward trajectory in maize prices, this is helping offset the rising costs of freight and insurance related to shipping disruptions for importers.

• Unhealthy ultraprocessed foods such as instant noodles and sodas are increasing in prevalence and affordability.

• Yemen’s second Joint Monitoring Report (JMR), published in March 2024, employs a sophisticated combination of quantitative modeling and qualitative analysis to provide comprehensive bimonthly monitoring of food and nutrition security (FNS), with a focus on identifying emerging crisis risks.

• Stakeholders in the FNS sector convened in Rome to foster collaboration between the World Bank and Rome- based agencies such as the Food and Agriculture Organization (FAO), World Food Programme (WFP), International Fund for Agricultural Development, and CGIAR.