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  • Publication | 2023

World Bank - Food Security Update - 14/09/2023

Global Food and Nutrition Security

Highlights:

  • Since the last update on July 27, the agriculture and cereal price indices closed 6 percent and 10 percent lower, respectively, while the export price index closed at the same level.

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

  • The September 2023 edition of the AMIS Market Monitor highlights recent developments in agricultural commodity markets, which have been dominated by India's export restrictions on rice and the ongoing war in Ukraine.

  • As outlined in a recent blog from the World Bank, in the upcoming 2023-24 season, the global grain market is poised for improvement, primarily due to record-level production of three staple grains: wheat, maize, and rice.

  • The Food and Agriculture Organization (FAO) describes the varying regional impacts of the El Niño's phenomenon.