World
FAO Report Highlights Years-Long Global Food Crisis
The Food and Agriculture Organization's (FAO) chief economist, Máximo Torero Cullen, previewed the upcoming State of Food Security and Nutrition in the World (SOFI) report, revealing a significant global food crisis from 2020 to 2024. The report attributes the crisis to a confluence of factors: COVID-19-related inflation, the war in Ukraine disrupting food and commodity exports, and intensified climate shocks. Food prices only returned to pre-COVID levels in 2024, leaving households struggling for years to afford adequate nutrition.
Rising food prices led to decreased household purchasing power, resulting in the consumption of cheaper, less nutritious food, reduced meal frequency, and unequal food distribution within families, often impacting women and children the most. The impact was particularly severe in Africa and Western Asia, where food import dependence and currency depreciation exacerbated the problem. A 10 percent increase in food prices correlated with a 2.7 to 6.1 percent rise in moderate to severe wasting among children under five. Low-income countries were disproportionately affected, with some experiencing food price inflation as high as 30 percent in January 2023.
The SOFI report recommends targeted fiscal support, particularly social protection measures, to shield vulnerable populations. It also emphasizes the importance of preventing trade disruptions, coordinating economic policies, enhancing market transparency, and improving institutional preparedness to mitigate future crises.
Impact Statement: The report highlights the devastating consequences of interconnected global challenges on food security and nutrition, particularly for vulnerable populations. The recommendations underscore the need for proactive policies and international cooperation to prevent future crises.