The FAO’s monthly report on food price trends was released on April 10. 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.
The FAO Food Price Index fell nearly five points in March, driven by drops in the indices for all commodities except meat. The March Index remained 20 points above its year-earlier level, however.
The Cereal Price Index fell 2.7 points in March and was essentially the same as its March 2016 level. Global cereal supplies remain plentiful, and overall production prospects are favorable for the coming season.
In 2016, for the first time in modern history, the number of people living in extreme poverty fell below 10 percent and the global rate of undernutrition was expected to fall below 11 percent, according to IFPRI’s newly released 2017 Global Food Policy Report (GFPR).
According to the latest Foresight Report from the Global Panel on Agriculture and Food Systems for Nutrition (GLOPAN), three billion people around the world consume low-quality diets, and this nutrition crisis will likely only get worse in the coming decades. Population growth and climate change will place increasing stress on food systems, particularly in Africa and Asia. At the same time, rapidly increasing urbanization, particularly in these two regions, will affect hunger and nutrition in complex ways.
The March edition of The Early Warning Crop Monitor was recently released, bringing together the monitoring efforts of international, regional, and national organizations on crop conditions within countries at risk of food insecurity. The subregions covered in the monitor are: East Africa and Yemen, West Africa, Northern Africa, Southern Africa, Southeast Asia, Central Asia, and Central America and the Caribbean.