Highlight:

• Since the last update on March 18, 2024, the agricultural and export price indices closed 8 percent and 16 percent higher, respectively, while the cereal price index closed at the same level.
• Domestic food price inflation remains high in low- and middle-income countries.
• According to the Food and Agriculture Organization (FAO), there is a pressing need for external food assistance in 45 countries worldwide.
• The latest FAO monthly report on food price trends reveals a global downturn in the prices of major cereals during February 2024.
• The FAO stresses the urgent need for transformative measures in agrifood systems to combat the escalating impact of the climate crisis on food security and agriculture.