The challenges undermining global food security call for a complex approach embracing investment, policy reforms and better use of resources, Qu Dongyu, Director-General of the Food and Agriculture Organization of the United Nations (FAO) told a key meeting of the G20 on July 10.
“Recent global events, from the COVID-19 pandemic to the climate crisis, multiple conflicts around the world and the war in Ukraine, have all heavily affected agrifood systems in multiple ways,” Qu told the G20 Sherpa meeting of senior government representatives.
Qu cited the recently launched 2022 edition of the State of Food Security and Nutrition in the World (SOFI) Report, which confirms that world hunger increased again in 2021, reflecting growing inequalities across and within countries. It says 828 million people suffered from hunger in 2021, an increase of 46 million from 2020 and 150 million from 2019 before the pandemic.
The war in Ukraine has added to an already challenging situation and could lead to an increase of 13 million more chronically undernourished people this year, and 17 million more in 2023, according to FAO estimates.
Another global challenge is rising inflation, with world food prices increasing since mid-2020 due to many factors. FAO calculates that the increase in the food import bill for the 62 most vulnerable countries amounts to $24.6 billion in 2022, and it affects 1.79 billion people.
In response to this growing challenge, FAO has developed a proposal for a global Food Import Financing Facility, which aims to assist countries in financing their food purchases to minimize any risk of social unrest. “This proposal should be implemented by the IMF (International Monetary Fund) under their balance of payments financial mechanism,” the FAO Director-General urged.
Among the other challenges, average fertilizer prices have increased significantly, almost tripling since mid-2021, together with rising energy prices. Changes in trade routes and current constraints will further increase the global fertilizer price. If countries producing major food staples, such as rice, are not able to get enough fertilizers in the upcoming planting season, this could affect the global supply of food, said Qu.
Trade reduction and interruption of the supply chain are of major concern, the Director-General added. At the end of May, 22 countries had implemented export restrictions through 39 measures ranging from bans to export taxes affecting almost 16% of agricultural exports, on a kilocalorie basis.
To address these challenges, Qu said the international community needs to implement a package of measures that include:
“It is critical to facilitate the smooth functioning of global food markets and to secure food supply for all,” Qu said.