What's New
Featured blog
Soaring cocoa prices: Diverse impacts and implications for key West African producers
Cocoa bean prices have been rising since the last quarter of 2023, hitting a record high of $10.97 per kilogram on April 19 (Figure 1). The price spike is due to a significant drop in bean production by major global suppliers—four key producing nations in West and Central Africa account for more than 60% of the world's supply of cocoa beans: Cote d’Ivoire (with 38% of the global production in 2022), Ghana (19%), Nigeria (5%), and Cameroon (5%).1
Launching SPAM2020, the latest innovation in global crop mapping: IFPRI Webinar
With climate change impacts, deforestation, and land use changes accelerating around the world, the need for mapping croplands—which cover 1.2 billion hectares, approximately 12% of Earth’s surface—is growing more urgent.
Ukraine and global agricultural markets two years later
Two years after Russia launched its full-scale invasion of Ukraine on February 24, 2022, the war continues to disrupt agricultural production and trade in Ukraine—one of the world's largest agricultural exporters—and poses an ongoing threat to global food security. Yet global commodity markets have adjusted to these disruptions, in part to due to increased exports by other suppliers, including Russia, easing the initial shock.
Disaster Events Lead to Trillions of Dollars in Agricultural Losses: New FAO Flagship Report Released
Over the past three decades, the world lost as much as $3.8 trillion in agricultural products as a result of disaster events, according to a new flagship report from the UN Food and Agriculture Organization. That equates to a loss of around 5 percent of global agricultural GDP per year and has serious implications for food security, agricultural livelihoods, and the sustainability of the global agrifood system.
Sustainable agriculture, resilient food systems, and climate action: A post-COP28 look at policy imperatives at international and country levels
Despite the inconclusive outcome on the COP27 Sharm El-Sheikh Implementation Plan in Dubai, COP28 has nonetheless been hailed for putting a much needed and strong focus on food systems, which are simultaneously threatened by and contribute to climate change.