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  • Publication | 2023

World Bank - Food Security Update - 26/10/2023

Global Food and Nutrition Security

Highlights:

  • The agricultural and export price indices closed 3 percent and 7 percent higher than two weeks ago, respectively, while the cereal price index was unchanged.

  • Domestic food price inflation remains high in low-, middle-, and high-income countries: Domestic food price inflation remains high. Inflation higher than 5% is experienced in 57.1% of low-income countries, 83% of lower-middle-income countries, and 59% of upper-middle-income countries and many experiencing double-digit inflation. In real terms, food price inflation exceeded overall inflation in 77% of the 170 countries.

  • In a blog released October 16, IFPRI highlights World Food Day 2023 under the theme "Water is Life, Water is Food. Leave No One Behind," which underscores the often-underestimated role of water in food systems.

  • A new United Nations Food and Agriculture Organization (FAO) report found that global agricultural losses due to natural disasters amounted to $3.8 trillion from 1991 to 2021—equivalent to annual losses of $123 billion, or about 5 percent of global agricultural gross domestic product (GDP).

  • The Global Alliance for Food Security (GAFS) has launched a new module on its Global Food and Nutrition Security Dashboard that tracks Food Security Crisis Preparedness Plan (FSCPP) progress and mobilizes early action when crises are detected.