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  • Publication | 2023
World Bank - Food Security Update - 28/09/2023
Global Food and Nutrition Security

Highlights:

  • The agricultural and export price indices closed 1 percent and 2 percent lower, respectively, compared to two weeks ago, while the cereal price index closed 2 percent higher.

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

  • The midpoint assessment of the 2030 Agenda for Sustainable Development underscores concerns regarding achievement of food- and agriculture-related Sustainable Development Goals (SDGs) in the face of multiple crises, including the COVID-19 pandemic, climate change, and armed conflicts, which are threatening global progress in eradicating poverty, improving food security and nutrition, enhancing health, and combating climate change.

  • There have been significant disturbances in trade in global food and agricultural markets, including India’s recent ban on rice exports and trade restrictions caused by Russia's invasion of Ukraine, sparking concerns regarding food security, price unpredictability, and the ability of the global trade system to withstand such challenges.

  • The new Global Report on Food Crises 2023 Mid-Year Update shows that 238 million people across 48 countries are facing acute food and nutrition insecurity.