(22 December 2020) Eliminating global poverty can sound like an impossibility for some perfect world akin to a wish for world peace, but millions globally face this as a matter of daily survival. Now, COVID-19 and market conditions that are driving food price inflation have spilled over as direct threats to food security and decades of progress to reduce poverty. The FAO Global Food Price Index reached a 6-year high during the September-November period, propelled by increasing prices of critical food commodities including cereals and oils. In November 2020, the FAO Global Food Price Index increased 6.5 percent y-o-y. Prices for cereals and oils jumped 19.9 percent and 30.8 percent, respectively.According to the FAO, grain prices were affected by the downward revision of harvest estimates in Argentina, the United States, and Ukraine amidst simultaneous rising demand from China. Palm oil prices were particularly affected by a sharp contraction in world inventories.The FAO estimates that 45 food deficit countries, 34 of which are African, now require external food assistance. Assuming the World Bank's expectations are anywhere near correct and the COVID-19 pandemic will push an additional 88 million to 115 million people globally into extreme poverty this year, rising food prices will only exacerbate food security risks, likely beyond those at most peril now among low-income grain importing countries such as Egypt, Iran, Algeria, and Tunisia.
(26 February 2022) As result of post covid recovery, unfavourable weather conditions and high demand for cereals in China, food price inflation accelerated significantly in 2021. The Ukraine-Russia conflict that has started in the end of February, 2022 will likely contribute to further global food inflation acceleration.Ukraine is one of the largest exporter of cereals and world largest exporter of sunflower oil. According to data from UN Comrade, in 2020 exports of corn, wheat and sunflower oil from Ukraine accounted for 9%, 15% and 45% of global exports respectively.The largest world importers of cereals such as China, Egypt, Pakistan, Turkey and others relay heavily on corn and wheat from Ukraine. The UN data shows that China - the largest world importer of corn - imports more than 50% of corn from Ukraine.
The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices (representing 55 quotations), weighted with the average export shares of each of the groups for 2002-2004. All indices have been deflated using the World Bank Manufactures Unit Value Index (MUV) rebased from 1990=100 to 2002-2004=100 Event holder: Food and Agriculture Organization (FAO)
The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices, weighted with the average export shares of each of the groups for 2002-2004. Monthly release dates for 2017: 12 January, 02 February, 02 March, 06 April, 04 May, 08 June, 06 July, 03 August, 07 September, 05 October, 02 November, 07 December. Event holder: Food and Agriculture Organization (FAO)
The Committee on Commodity Problems (CCP) is the FAO Governing Body that tracks agricultural commodity markets. It deliberates key issues, debates the effects on food security, and makes policy recommendations. Event Holder: Food and Agriculture Organization of the United Nations Source of data: FAO Food Price Index, FAO Consumer Price Indices, Global Food Security Index Date of Event: 26-28 September 2018
The Global Food Safety Partnership (GFSP) 3rd Annual Conference represents an opportunity to network with food safety peers while contributing to food safety capacity building strategies for emerging markets around the world. Event holder: The World Bank
The Council, within the limits of the powers delegated to it by the Conference, acts as the Conference's executive organ between sessions. In particular, it exercises functions dealing with the world food and agriculture situation and related matters, current and prospective activities of the Organization, including its Programme of Work and Budget, administrative matters and financial management of the Organization and constitutional matters (Rule XXIV of the General Rules of the Organization) The Council may establish Commissions, Committees and Working Parties under Article VI of the Constitution and approve, for submission to Member Nations, Agreements provided for under Article XIV.2 of the Constitution (Rule XXIV.4(a) and (b) of the General Rules of the Organization). Date of Event: 24-28 April 2017 Event Holder: Food and Agriculture Organization of the United Nations Venue: Rome
Africa Food Price Volatility is a joint project of the European Commission's Joint Research Centre - The Institute for Prospective Technological Studies (IPTS) and Knoema. The aim of the project is to explore the possibility and challenges of crowd-sourced food price data collection in Africa using modern web-based tools and technologies. Agricultural commodity prices were collected on a weekly basis in African countries by a network of people on the field; reviewed and submitted into centralized data repository using web-based crowd sourced data platform. As a result, high-frequency food price database has been built.
Africa Food Price Volatility is a joint project of the European Commission's Joint Research Centre - The Institute for Prospective Technological Studies (IPTS) and Knoema. The aim of the project is to explore the possibility and challenges of crowd-sourced food price data collection in Africa using modern web-based tools and technologies. Agricultural commodity prices were collected on a weekly basis in African countries by a network of people on the field; reviewed and submitted into centralized data repository using web-based crowd sourced data platform. As a result, high-frequency food price database has been built.
This dashboard will give the price of various food items across all african countries. Data is being collected from the field on a regular basis and submitted here.