Highlights:

• Since the last update on May 30, 2024, the agricultural, cereal, and export price indices closed 8 percent, 10 percent, and 9 percent lower, respectively.

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

• In the latest Hunger Hotspots report covering the period between June and October 2024, the Food and Agriculture Organization (FAO) and World Food Programme (WFP) have issued a joint warning about the escalating food insecurity crisis in 18 critical hotspots comprising 17 countries or territories and one regional cluster.

• A new report from the Integrated Food Security Phase Classification (IPC) confirms that the food insecurity situation in Gaza continues to be catastrophic. A high risk of famine will persist across the whole Gaza Strip as long as conflict continues, and humanitarian access is restricted.

• The AMIS Market Monitor for June 2024 highlights the initial forecasts for global cereal production released in May, underscoring significant uncertainty because planting of many crops is pending in the Northern hemisphere.