The pandemic has wiped out entire sections of many developing economies. Any policy intervention should treat the fight against COVID-19 like a war and the hardest-hit economies like conflict zones.
Food crises and distress migration will continue to plague the African continent in the decades ahead, unless massive investments are made to make the region’s agriculture and food systems more resilient.
Our lack of knowledge of the magnitude of food loss and waste is a major barrier to addressing the problem. Estimates of global figures vary from 27% (1 billion tonnes) to 32% (1.3 billion tonnes) of all food produced in the world.
The three-part model provides a visual representation of historical periods of excessive global price volatility from 2000 to present, as well as a daily volatility status. It can alert policymakers when world markets are experiencing a period of excessive food price volatility.