twitter RSS Feed linkedin acp contact

G7: FAO proposes to address current and future food shortages

The head of the Food and Agriculture Organization of the United Nations (FAO) called on G7 nations to help anticipate future food shortages, as the war in Ukraine squeezes supplies, pushes prices to record highs and threatens already vulnerable nations across Africa and Asia

fao g7 2 juneFAO has also proposed a global Food Import Financing Facility to help nations deal with rising food prices. (Image source: Adobe Stock)

“We need to actively identify ways to make up for potential future gaps in global markets, working together to foster sustainable productivity increases where possible,” director-general Qu Dongyu told G7 agriculture ministers meeting in Stuttgart, Germany.

Qu was invited by the German presidency of the G7 to discuss the consequences of the conflict in eastern Europe on global food security.

Already in 2021, approximately 193 million people were acutely food insecure and in need of urgent assistance, up nearly 40 million people from 2020.

“It is in this dramatic context that we now face the war in Ukraine,” Qu said.

Russia and Ukraine are important players in global commodity markets, and the uncertainty surrounding the conflict has caused prices surges, particularly of wheat, maize and oilseeds, as well as fertilisers. These increases come on top of already high prices driven by robust demand and high input costs as a result of the COVID-19 pandemic.

In March, the FAO Food Price Index reached its highest level (160 points) since its inception in 1990 and only dipped slightly in April.

Wheat export forecasts for both Russia and Ukraine have been revised down since the start of the war. And despite other market players such as India and the European Union boosting their offers, supply remains tight and prices will likely remain elevated in the coming months, Qu said.

Countries that are heavily reliant on wheat imports include Egypt and Turkey, but also a number of Sub-saharan countries such as Congo, Eritrea, Madagascar, Namibia, Somalia and Tanzania. Meanwhile, countries that are heavily dependent on fertilisers imported from Russia include key cereal and high value commodity exporting countries like Argentina, Bangladesh and Brazil.

Offering solutions

According to FAO, market transparency is crucial. That is why FAO welcomes every effort to strengthen and expand the Agricultural Market Information System (AMIS), an inter-agency platform designed to enhance food market transparency launched in 2011 by G20 Agriculture Ministers following the global food price hikes in 2007/08 and 2010. AMIS is hosted by FAO.

FAO has also proposed a global Food Import Financing Facility to help nations deal with rising food prices. The mechanism, which is strictly based on needs and limited to low and lower middle-income, net food-importing countries and selected beneficiaries of the International Development Association, could benefit almost 1.8 billion people in the world’s 61 most vulnerable countries.

The facility has been designed to include smart conditionality to act as an automatic stabilizer for future funding. Eligible countries will commit to added investments in agriculture, thus reducing future import needs.

In his address to the G7 meeting, the FAO director-general also called on governments to “refrain from imposing export restrictions, which can exacerbate food price increases and undermine trust in global markets.”

Instead, we must “ensure that any measures taken to address the crisis do no exacerbate food insecurity and on the contrary increase resilience,” Qu said.

LATEST NEWS IN Agriculture

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

World Sustainability Organization chooses Zambia as the first African Sustainability Hub

World Sustainability Organization choose…

The World Sustainability Organization and Foundation (WSO&F) has signed a Memorandum of Understanding (MoU) with the Zambian Government, to make Zambia the African Sustainability Hub 

Rallying call to improve African and global cotton production

Rallying call to improve African and glo…

As the business of cotton production continues to attract global attention, there are concerns about how sustainable the practice of growing, harvesting, and production will be, especially for lower income...

Research and farming institution from Zimbabwe wins FAO Award

Research and farming institution from Zi…

The Food and Agriculture Organization of the United Nations (FAO) honoured three research and farming institutions, one of which was from Zimbabwe

Building community and ecological resilience through forest landscape restoration

Building community and ecological resili…

The Atebubu and Wiase Forest Landscape Restoration (FLR) Living Lab is offering a more resilient food system, greater income and the opportunity to restore nature to farmers living in the...

European Investment Bank to support increased rice production in Liberia

European Investment Bank to support incr…

The European Investment Bank is planning to support large-scale investment to increase rice production and enhance food security in Liberia

Prev Next


Mosquito nets for cabbages

Mosquito nets for cabbages

Research now underway at the Kenya Agricultural Research Institute (Kari) shows that a modified form of the mosquito net can used to protect cabbage plants from aphids and caterpillars

Astral Food to chase chicken investment in Mozambique

Astral Food to chase chicken investment …

Astral Food Ltd (ARL) has said it will continue to invest in Mozambique’s poultry market as South Africa’s largest chicken producer by sales moves into neighbouring markets looking to avoid import...

Nigeria invests US$1.3 billion in exportable crops

Nigeria invests US$1.3 billion in export…

A total of US$1.3bn has been invested in Nigeria’s exportable agricultural commodities between 2011 and 2012, a report by the country's National Bureau of Statistics (NBS) has revealed

Econet launches eco-farmer for Zimbabwe's smallholder farmers

Econet launches eco-farmer for Zimbabwe'…

Econet Wireless has developed a weather-indexed drought insurance service enabling smallholder farmers in Zimbabwe to buy insurance for as little as US$0.08 per day

Nigeria inaugurates new fertiliser plant in Port Harcourt

Nigeria inaugurates new fertiliser plant…

Yemi Osinbajo, acting president of Nigeria has inaugurated the new US$1.5bn fertiliser plant in Port Harcourt, which was built by Indorama Eleme Fertilizer and Chemicals Limited (IEFCL) in Nigeria

Nigeria's President urges West, Central Africa to motivate youth in agriculture

Nigeria's President urges West, Central …

President Muhammadu Buhari advised West and Central African countries to engage youth for agricultural development to help meet demands of the rising population

South Korea investing US$5mn in Rwandan agriculture

South Korea investing US$5mn in Rwandan …

Korea International Cooperation Agency (KOICA) is investing US5$mn in Rwanda to support modern farming in Nyaruguru district

FAO stresses on agri-food system transformation in Africa

FAO stresses on agri-food system transfo…

The Food and Agriculture Organization’s director-general QU Dongyu has called for sustained and strategic investments to accelerate an agri-food system transformation in Africa in the face of an impending food...

Chinese technology helping African farmers boost production

Chinese technology helping African farme…

Scientist from China have been utilising agricultural technology in two African countries in order to reverse desertification and improve local agricultural production

FAO, Rabobank renew partnership to help African farmers

FAO, Rabobank renew partnership to help …

The Food and Agriculture Organization (FAO) and Rabobank signed a Memorandum of Understanding (MoU) to renew their partnership to boost productivity for small farmers

Designer rice for Mozambique

Designer rice for Mozambique

Mozambicans will soon get locally-grown rice developed especially to meet local consumer preferences

Prev Next