The FAO estimates that malnutrition costs the global economy up to US$3.5 trillion or US$500 per person annually. To address this waste of economic potential, countries need to find ways to promote productive, sustainable food systems that support diverse, nutritious, and safe foods for all their citizens.
The indicators of development in the world have consistently improved over the past 25 years; globally, the proportion of people living in extreme poverty has decreased from 37.1 percent in 1990 to 12.7 percent in 2012. Despite this, multiple indicators remain alarmingly high, for instance, the percentage of child malnutrition/stunting currently stands at 23.8 percent.
Since 2010, USAID’s Feed the Future program has aimed to reduce hunger and poverty by improving developing countries’ agricultural sectors. In July of this year, the program received renewed long-term support under the US’s new Global Food Security Act. The Act is designed to promote food security, resilience, and improved nutrition through investments in smallholder agriculture in developing countries. It also codified Feed the Future, making it a permanent program.
Pulses are an essential source of protein and minerals for much of the global population, to reflect this the UN has named 2016 as the ‘’International Year of Pulses.’ However, despite increasing demand, global pulse productivity remains low at around a quarter of global cereal yields per hectare, according to IFPRI.
The USDA’s monthly report on World Agricultural Supply and Demand Estimates (WASDE) was released on July 14.