Highlights:
- The agricultural, cereal, and export price indices were stable over the past 2 weeks, with the agricultural and cereal price indices 1 percent higher than 2 weeks ago.
- Domestic food price inflation remains high around the world, with high inflation continuing in almost all lowand middle-income countries and the share of high-income countries with high inflation increasing sharply.
- A recent World Bank blog discussed three policy proposals for making fertilizers more accessible and affordable: countries should lift trade restrictions or export bans on fertilizers; fertilizer use must be made more efficient, for instance by providing farmers with appropriate incentives that do not encourage overuse; and invest in innovation to develop best practices and newer technologies that may help increase output per kilogram of fertilizer used.
- The first Ukrainian grain shipment is under way, but challenges to food security persist.
