Soonho Kim

Dec 4, 2023 | cgiar.org | Rob Vos |Joseph W. Glauber |Soonho Kim |Will Martin

OPEN ACCESS | CC-BY-4.0Since peaking in April 2022, global agricultural food commodity prices have declined by almost 25% as of October 2023, according to the UN Food and Agriculture Organization’s (FAO) food price index (Figure 1). Contributing to the decrease were strong harvests in large food producing countries, steep declines in shipping costs, and more affordable energy and fertilizer prices (Figure 2).

Aug 7, 2023 | cgiar.org | Joseph W. Glauber |Soonho Kim |Elsa Olivetti |Rob Vos

OPEN ACCESS | CC-BY-4.0Russia’s July 17withdrawalfrom the Black Sea Grain Initiative (BSGI), has sparked fears of reduced exports of wheat and other key commodities to developing countries, along with other market disruptions. The grain deal, in place for almost a year, had clear benefits for global markets and food security.