By Eugenio Díaz-Bonilla, Senior Research Fellow and Head of IFPRI's Latin America and Caribbean Program

Photo Credit: Mitchell Maher/IFPRI

The FAO’s monthly report on food price trends was released this week. The bulletin reports on recent food price developments over the past month at the global, regional, and country levels, with a focus on developing countries, and provides early warnings for high country-level food prices that may negatively affect food security.

Photo Credit: Neil Palmer/CIAT

The latest editions of the FAO Food Price Index and the AMIS Market Monitor were recently released.

Photo Credit: Paul Ancheta

While progress has been made in reducing global poverty over the last two decades, about one billion people still live in poverty, according to the latest World Bank estimate. In addition, according to FAO, over 800 million people suffer from hunger, while more than two billion people suffer from macronutrient deficiencies, or “hidden hunger”. IFPRI’s 2016 Global Hunger Index reports that 50 countries continue to have “serious” or “alarming” hunger levels, with the most affected areas in Africa south of the Sahara and South Asia.

Photo Credit: Neil Palmer (CIAT)

According to the May WASDE report, total global wheat production is projected at 737.8 million tons, the second highest total on record. Projections for global wheat consumption declined slightly this month, with increased food use being offset by reduced feed use. Global ending stocks are up from 2016-2017, at a record 258.3 million tons. U.S. ending stocks, on the other hand, are projected to decline 245 million bushels to 914 million, the lowest in three years.

Photo Credit: UN Photo/Kibae Park

This blog originally appeared on IFPRI.org

Photo Credit: Neil Palmer (CIAT)

The FAO’s monthly report on food price trends was released last week. The bulletin reports on recent food price developments over the past month at the global, regional, and country levels, with a focus on developing countries, and provides early warnings for high country-level food prices that may negatively affect food security.

Photo Credit: FAO

FAO recently released its latest Global Early Warning – Early Action (EWEA) report on food security and agriculture. The report is released quarterly, with this latest edition covering April-June 2017. The EWEA report provides an analytical summary of major disaster risks to food security and agriculture around the globe and aims to translate these forecasts and early warnings into action to mitigate or even prevent negative impacts on vulnerable populations.

The FAO Food Price Index continued its decline for the third month in a row, falling by 1.8 percent in April. The prices of all commodities covered by the Index declined in April, with the exception of meat; however, the Index remains 10 percent higher than its April 2016 level.

Photo Credit: Jon S.

Food security and food prices are driven by a complex range of interacting factors, including weather, crop production levels, trade, and conflict. For several years, IFPRI has been studying whether and how another factor influences food prices: the media.