FAO Food Price Index in the context of 2022 food crises

During 2022 and 2023 there were food crises in several regions as indicated by rising food prices. In 2022, the world experienced significant food price inflation along with major food shortages in several regions. Sub-Saharan Africa, Iran, Sri Lanka, Sudan and Iraq were most affected. Prices of wheat, maize, oil seeds, bread, pasta, flour, cooking oil, sugar, egg, chickpea and meat increased. Many factors have contributed to the ongoing world food crisis. These include supply chain disruptions due to the COVID-19 pandemic, the Global energy crisis (2021–2023), the Russian invasion of Ukraine, and floods and heatwaves during 2021 (which destroyed key American and European crops). Droughts were also a factor; in early 2022, some areas of Spain and Portugal lost 60–80% of their crops due to widespread drought.

Even before the Russian invasion of Ukraine, food prices were already at a record high. 82 million East Africans and 42 million West Africans faced acute food insecurity in 2021. By the end of 2022, more than 8 million Somalis were in need of food assistance. In February 2022, the Food and Agriculture Organization (FAO) reported a 20% rise in food prices since February 2021. The war further pushed this increase to 40% in March 2022 but was reduced to 18% by January 2023. But the FAO warns that inflation of food prices will continue in many countries.