WorldBank – Food Security Update, Sep 2024

The World Bank's Food Security Update for September 2024 shows that global agricultural and export prices have increased, with cereals remaining stable. Despite this, domestic food price inflation remains high in low- and middle-income countries. The report highlights alarming trends in acute food insecurity and malnutrition, with a significant increase in the number of people projected to be in Catastrophe phase. The State of Food Insecurity and Nutrition in the World 2024 report indicates challenges in achieving Zero Hunger, with millions still affected by undernourishment. The year 2024 is expected to be one of the warmest on record, impacting global commodity markets. Maize and rice prices have decreased, while wheat prices have increased. Overall, maize prices are lower compared to previous years, while wheat and rice prices have increased significantly.