# Food Security Update| The Bank’s Response to Rising Food Insecurity

> The World Bank's food security update reports that the aggregate agriculture price index fell 1% and the cereal price index fell 6% since the previous update. It also warns that El Niño is expected to stay very strong into early 2027, raising risks of drought, heat and flooding.

- Date: 2023-06-09 · published 2023-06-09T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6885-food-security-update-the-bank-s-response-to-rising-food-insecurity
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower cereal price indices show easing grain markets, but a strong El Niño could tighten supplies later and reverse the price trend.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-11-29 | [Uganda Key Message Update: Early bimodal harvests fill food gaps as food security improves in Karamoja, November 2019 - Uganda \| ReliefWeb](https://feedsoft.ai/events/56121-uganda-key-message-update-early-bimodal-harvests-fill-food-gaps-as-food.md) | +1.1% | +3.4% |
| CORN | 2019-04-01 | [March 2019 El Niño Update: Think spring](https://feedsoft.ai/events/60008-march-2019-el-nino-update-think-spring.md) | +0.2% | -2.9% |
| CORN | 2026-03-12 | [Rains bring relief to the eastern corn belt - Pro Farmer](https://feedsoft.ai/events/13009-rains-bring-relief-to-the-eastern-corn-belt-pro-farmer.md) | +3.7% | +0.5% |
| CORN | 2022-07-15 | [Markets falter heading into the weekend – The Seam](https://feedsoft.ai/events/5595-markets-falter-heading-into-the-weekend-the-seam.md) | -10.7% | -8.4% |
| CORN | 2025-07-07 | [Why the Grains Sector is "Feeling Down" Monday](https://feedsoft.ai/events/11927-why-the-grains-sector-is-feeling-down-monday.md) | -6.0% | -6.0% |
| WHEAT | 2023-12-22 | [Grains respond to continued hot, dry weather in Brazil - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11282-grains-respond-to-continued-hot-dry-weather-in-brazil-agweek-1-source-for.md) | +0.9% | +1.5% |
| WHEAT | 2025-03-11 | [MMN March 2025 - Cereals Update \| Helping farmers in Scotland](https://feedsoft.ai/events/25644-mmn-march-2025-cereals-update-helping-farmers-in-scotland.md) | +5.7% | +1.9% |
| WHEAT | 2020-10-19 | [The Black Sea 20/21 round-up: Good wheat crop and exports despite a disappointing start - The Sizov Report blog](https://feedsoft.ai/events/50509-the-black-sea-20-21-round-up-good-wheat-crop-and-exports-despite-a.md) | +1.2% | -1.1% |

## Sources

- worldbank.org: https://www.worldbank.org/en/brief/2023/06/09/food-security-update

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