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  • Publication | 2022

World Bank - Food Security Update - 11/08/2022

Global Food and Nutrition Security

Key messages

  • The agricultural, cereal, and export price indices were stable over the past 2 weeks, with the agricultural and cereal price indices 1 percent higher than 2 weeks ago. Although wheat and corn prices returned to pre-war levels by July 1 and July 17, respectively, prices for both cereals remain 50 percent higher than 30 months ago.

  • Domestic food price inflation remains high around the world, with high inflation continuing in almost all low-and middle-income countries and the share of high-income countries with high inflation increasing sharply.

  • A recent World Bank blog discussed three policy proposals for making fertilizers more accessible and affordable: countries should lift trade restrictions or export bans on fertilizers; fertilizer use must be made more efficient, for instance by providing farmers with appropriate incentives that do not encourage overuse; and invest in innovation to develop best practices and newer technologies that may help increase output per kilogram of fertilizer used.

  • The first Ukrainian grain shipment is under way, but challenges to food security persist.

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