- General

Food Security Update (February 9, 2023)

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.


• 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