# Global Food Crisis Update: Recent Developments, Outlook, and IMF Engagement in: IMF Notes Volume 2023 Issue 002 (2023)

> An IMF Notes paper reviews global food prices, which had eased since Russia's invasion of Ukraine but remained at historic highs. It cites export bans in major producer countries and the war's pressure on cereal, energy and fertilizer markets.

- Date: 2023-04-12 · published 2023-04-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/14404-global-food-crisis-update-recent-developments-outlook-and-imf-engagement-in-imf
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Persistently high food and input costs keep pressure on feed and food budgets, and the IMF's assessment of supply pressures shapes expectations for grain and fertilizer prices. The report offers context rather than a new market shock.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-01-05 | [Global food prices fell in 2023 compared to 2022, except for sugar and rice \| PBS News](https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs.md) | -2.2% | -2.1% |
| WHEAT | 2023-10-09 | [Short-term outlook of agricultural markets: EU farmers keep up production in spite of adverse weather events - Agriculture and rural development](https://feedsoft.ai/events/33554-short-term-outlook-of-agricultural-markets-eu-farmers-keep-up-production-in.md) | +5.3% | +5.3% |
| WHEAT | 2023-03-22 | [AgroPages-Nutrien‘s 2023 Market Outlook: Expect structural supply issues to persist and demand for crop inputs to increase-Agricultural news](https://feedsoft.ai/events/37212-agropages-nutrien-s-2023-market-outlook-expect-structural-supply-issues-to.md) | +11.0% | +4.2% |
| WHEAT | 2022-08-20 | [NOAA Issues Four-Season Outlook on August 18, 2022 - EconCurrents](https://feedsoft.ai/events/39967-noaa-issues-four-season-outlook-on-august-18-2022-econcurrents.md) | -9.3% | -9.7% |
| WHEAT | 2023-08-04 | [Global food prices rise after Russia ends grain deal and India restricts rice exports \| AP News](https://feedsoft.ai/events/34652-global-food-prices-rise-after-russia-ends-grain-deal-and-india-restricts-rice.md) | +1.0% | -6.6% |
| CORN | 2024-01-05 | [Global food prices fell in 2023 compared to 2022, except for sugar and rice \| PBS News](https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs.md) | -1.5% | -2.4% |
| CORN | 2023-10-09 | [Short-term outlook of agricultural markets: EU farmers keep up production in spite of adverse weather events - Agriculture and rural development](https://feedsoft.ai/events/33554-short-term-outlook-of-agricultural-markets-eu-farmers-keep-up-production-in.md) | -0.2% | -3.4% |
| CORN | 2026-01-19 | [Outlook 2026: Global growth in poultry meat set to continue - Food & Agribusiness](https://feedsoft.ai/events/21214-outlook-2026-global-growth-in-poultry-meat-set-to-continue-food-and-agribusiness.md) | +1.1% | +1.4% |

## Sources

- elibrary.imf.org: https://www.elibrary.imf.org/view/journals/068/2023/002/article-A001-en.xml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.