Lower international food prices have not eased economic pressures at macro and household levels

The Kakhovka dam 100 While the immediate effect of the BSGI termination decreases in food inflation during the first six months of breach in June 2023 and the termination of the Black J F M A M J J A S O N D J F M A M J J on international food prices was negligible, it remains 2022 2023 2023 (5 percentage points on average). [...] key food commodities are likely to remain responsive to the year with food price inflation rates of over 50 percent, of exportable surpluses and the volume of exports, potential shortfalls in terms of the continued availability they saw them decrease by more than 20 percentage therefore influencing future global food supplies and the of Ukrainian exportable surpluses in combination with Federation. [...] The latest constraint on production developments in other main producing seen in Egypt, Lebanon and the Bolivarian Republic of to vessel movement halved the amount of cargo shipped Any potential changes to global market supplies and countries that contribute to availability on the global Venezuela. [...] The lingering energy costs, particularly in low and middle income on the production of nutritious high-value foods, such Nevertheless, nearly 33 million metric tonnes of grains, effects of successive economic shocks combined with countries, have been the main drivers of the persistence as fruits and vegetables, supplying mostly domestic maize and other agricultural products were exported likely ch. [...] In December 2022, Since the signing of the BSGI Memorandum of selected for inclusion in the GRFC 2023 – over 75 percent and again at the beginning of May 2023, the Russian Understanding, the Russian Federation exported large www.fsinplatform.org @FSIN_News www.fightfoodcrises.net @fightfoodcrises .