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  • Publication | 2023

World Bank - Food Security Update - 27/07/2023

Global Food and Nutrition Security

Highlights:

  • Since the last update on July 13, 2023, the agricultural, export, and cereal price indices closed 6 percent, 4 percent, and 10 percent higher, respectively.

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

  • The 2023 State of Food Insecurity and Nutrition in the World report highlights the state of global hunger and food insecurity and the challenges and opportunities that urbanization presents in the context of agrifood systems.

  • Russia's withdrawal from the Black Sea Grain Initiative (BSGI) raises concerns in global markets.

  • India has imposed a non-basmati rice export ban at a time of heightened global concerns about international global food prices with Russia’s exit from the BSGI.