Highlights:

• Since the last update on June 27, 2024, the agricultural and export price indices closed 1 and 2 percent higher, respectively; the cereals index was unchanged.

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

• The Global Report on Food Crises 2024 Mid-Year Update highlights alarming trends in acute food insecurity and malnutrition, following high levels in 2023. The number of people projected to be in Catastrophe (Integrated Food Security Phase Classification (IPC) Phase 5) has surged, increasing from 705,000 in 2023 to 1.9 million in 2024.

• The State of Food Insecurity and Nutrition in the World 2024 report reveals significant challenges in achieving Sustainable Development Goal (SDG) 2—Zero Hunger. Despite some progress in some regions, global undernourishment remains alarmingly persistent, with an estimated 713 million to 757 million people affected in 2023.

• With the end of the year approaching, 2024 is likely to be one of the warmest years on record, the Agricultural Market Information System (AMIS) Market Monitor for September 2024 highlights significant impacts on global commodity markets.