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The new economics of food security - By Raad Mahmoud Al-Tal, The Jordan Times

 

 

The latest World Bank data reveal that the world is no longer facing a crisis of food production as much as it is confronting a growing crisis of access to food. While global agricultural production remains relatively stable, rising prices, ongoing conflicts, climate change, and weakening household incomes have transformed food from an accessible commodity into one that is increasingly out of reach for millions of families around the world.
 
According to the World Bank’s latest Food and Nutrition Security Update, global agricultural commodity prices have increased by 3% since the previous update, while cereal prices have risen by 4%, signaling the return of inflationary pressures in global food markets after a period of relative stability. This increase has not been driven by a collapse in global food production, but rather by disruptions in supply chains, higher transportation, energy, and fertilizer costs, as well as the persistence of geopolitical conflicts. Food price inflation also remains elevated across many low- and middle-income countries, placing additional pressure on household purchasing power. The evidence suggests that food affordability has become the defining challenge of global food security. Import-dependent countries are facing larger food import bills, while low-income households are experiencing a continuous decline in their ability to purchase sufficient and nutritious food.
 
Africa remains the world’s most vulnerable region. In Eastern and Southern Africa, approximately 67 million people require food assistance. Sudan faces the most critical situation, with 14 areas at risk of famine. Meanwhile, an estimated 52.9 million people in West and Central Africa are expected to experience acute food insecurity during the June–August 2026 lean season, highlighting the continued expansion rather than the easing of the crisis.
 
The report also confirms that armed conflicts have become the primary driver of global food insecurity. Ongoing conflicts in Sudan, Gaza, and other parts of the Middle East have disrupted agricultural production, increased transportation costs, interrupted trade flows, and displaced millions of people. Together, these factors have contributed to higher food prices and reduced local food availability. Alongside conflict, extreme weather events including droughts, floods, and rising temperatures continue to undermine agricultural production, particularly in low-income countries that rely heavily on traditional farming systems.
 
One of the report’s most striking findings is that food price pressures are no longer confined to low-income countries. Food inflation remains elevated across many middle-income economies as well, indicating that food inflation has become a truly global phenomenon. As food prices continue to rise, the quality of household diets deteriorates, and malnutrition becomes more widespread, even in countries that do not suffer from physical shortages of food supplies.
 
The report further emphasizes that food security has become increasingly linked to broader macroeconomic policies. Exchange rate stability, low inflation, efficient trade systems, and sustained investment in agriculture have become essential pillars of food security. Rising fertilizer and energy prices directly increase agricultural production costs, which are ultimately passed on to consumers through higher food prices.
 
The importance of agricultural investment becomes even more evident when considering future challenges. Continued population growth, rising global food demand, and the accelerating impacts of climate change mean that countries investing in agricultural technology, water management, and resilient supply chains will be better positioned to mitigate price volatility and strengthen their food security.
 
These findings send a clear message to policymakers: addressing the global food crisis requires far more than increasing agricultural production. It demands strengthening household purchasing power, expanding social protection systems, maintaining open and efficient international trade, investing in sustainable agriculture, and improving the efficiency of food supply chains.
 
The World Bank’s latest figures make it clear that the world has entered a new phase of food security challenges. The central question is no longer whether enough food is produced globally, but rather who can afford to buy it. Stable global production alone is no longer sufficient if food prices continue to rise, conflicts persist, and household incomes continue to erode. The future of global food security will therefore depend less on producing more food and more on implementing economic policies that ensure people can afford access to it.
 

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