The findings, interpretations, and conclusions expressed in this update do not necessarily reflect the views of the World Bank, its Board of Executive Directors, or the governments they represent.

AT A GLANCE

• Since the last update on January 26, 2023, the agricultural and cereal price indices closed 2 percent higher than two weeks ago, and the export index closed 5 percent higher.

• Domestic food price inflation continues to remain high in almost all countries.

• According to the Agricultural Market Information System (AMIS) February 2023 Update, fertilizer prices have decreased 40 percent since hitting record (nominal) highs last spring.

• A recent International Food Policy Research Institute (IFPRI) blog indicates that, although export restrictions have eased, commodity markets remain volatile, and countries could impose further restrictions.

• Although global commodity prices have eased, IFPRI outlines eight remaining risks to recent progress made on global food security.

• A recent World Bank blog draws attention to the adverse health impacts associated with sugar, a commodity that receives significant agricultural support from governments.

Source: World Bank