Food prices and food insecurity are on the rise and the war in Ukraine is exacerbating the situation even more. In March, the Food and Agriculture Organization Price Index hit a record high, retreating only slightly in April. Experts predict that food prices won’t decrease significantly anytime soon. What does this mean for our global agrifood systems and food security?
Food price crises in 2008-09 and 2011-12 severely limited food access for many people globally. Signs point to a similar increase in need today, particularly in places where hunger was already prevalent. This need is likely to grow over the coming months, as will demand for food access through food banks—while availability of food will likely decrease.
Watch this special presentation by Dr. Máximo Torero, FAO Chief Economist, who shared insight into the causes of rising food prices worldwide, and how that will affect food systems and people facing hunger.
Lisa Moon, President and CEO, The Global FoodBanking Network
Máximo Torero Cullen, Chief Economist of the Food and Agriculture Organization of the United Nations (FAO)