Since the 2007-2008 food price crisis, food price volatility has been front and center in the international development conversation. The period of the crisis saw a dramatic rise in the international price of grains and other important commodities, while the years immediately following the crisis saw increasing grain price fluctuations on the international market.
Global trade is a complex, politically charged issue that has important implications for the global food system.
The latest FAO Food Price Index was released last week, citing slightly higher food prices from January. The February Index rose by 0.9 points from the previous month. While this is a very slight increase, the Index is 17.2 percent higher than its February 2016 levels. It has now reached the highest level seen since February 2015.
FAO estimates that around the world, about 795 million people still suffer from hunger and more than two billion people suffer from micronutrient deficiencies or forms of over-nourishment. Simultaneously, historical and future achievements in food security are under threat due to climate change and increasing pressures on natural resources.