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International bodies warn about global food security crisis

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International bodies warn about global food security crisis

Geneva, Jul 15 (Prensa Latina) Food and Agriculture Organization (FAO), International Monetary Fund (IMF), World Bank Group (WBG), World Food Program (WFP) and the World Trade Organization (WTO) have issued a joint statement calling for pressing action to deal with the global food security crisis.
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The Covid-19 pandemic, interruption in international supply chains, and the war in Ukraine have severely disrupted food, fuel, and fertilizer markets, which are interlinked. By June 2022 the number of acute food insecure people – whose access to food in the short term has been restricted to the point that their lives and livelihoods are at risk – increased to 345 million in 82 countries according to WFP.

Making matters worse, around 25 countries have reacted to higher food prices by adopting export restrictions affecting over 8% of global food trade.

In addition, complicating the food supply response is the doubling of fertilizer prices over the last twelve months, reflecting record-high costs of inputs such as natural gas.

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