World · Africa · 7 hrs ago

Rising energy costs and El Niño threaten food security worldwide

Rising energy costs and El Niño threaten food security worldwide

The UN’s agricultural development agency says global farm prices rose 13% in the third quarter as energy costs climbed.

The rise in oil and gas prices, linked to conflict in the Middle East, has made fuel and fertilizer more expensive for farmers and food transport.

Small-scale farmers are especially exposed, even though they produce about a third of the world’s food and up to 70% in some developing countries.

The agency’s head, Álvaro Lario, warns that food inflation could hit people least able to afford it over the next six to nine months; about 260 million people already face food insecurity worldwide.

El Niño is also threatening harvests in Africa, Asia and Latin America, with crop losses reported in El Salvador and Honduras and irregular monsoon rains reducing water availability in India.

G7 countries pledged $2.5 billion in support for countries at risk of food insecurity, with special attention to fertilizer, while the IMF recommends targeted cash support and school meal programs.

Lario called for investment over three to five years in irrigation, storage, local food processing and access to markets to make food systems more resilient.

2 sources

Related

What people are saying

Álvaro LarioIFAD president
As a result, in the next six to nine months we should see food inflation hit hard the populations least able to bear these costs
via Folha
Small farmers use 200 kilos of fertilisers per hectare per year in Southeast Asia. This will inevitably have consequences for productivity, yields and, therefore, prices
via El Universal
In the short term, governments have very limited room for manoeuvre: they can subsidise fertiliser or fuel prices
via Folha
In Central America, losses in maize and bean harvests are already being recorded, especially in El Salvador and Honduras
via El Universal