The World Bank warns of Rising Food Insecurity through 2024

Farmers harvesting grains as food insecurity affects more and more countries. Photo: Ray Witlin/World Bank

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Food Security Update | Rising Food Insecurity in 2022
  • As of June 16, 2022, the Agricultural Price Index is 14% higher compared to January 2022. Maize and wheat prices are 27% and 37% higher, respectively, compared to January 2022, while rice prices are about 17% lower.
  • Domestic price inflation continues to rise around the world—with 94% of low-income, 89% of lower-middle-income, 83% of upper-middle-income, and 70% of high-income countries experiencing high food price inflation (greater than 5%) and many seeing double-digit inflation
  • The war in Ukraine has altered global patterns of trade, production, and consumption of commodities in ways that will keep prices at historically high levels through the end of 2024

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