Linking Peace, Food Security, Trade: The Week in AgribusinessBy Sofía Hanna | Wed, 06/29/2022 - 18:23
This week, the UN Food and Agriculture Organization (FAO) warned global markets about the long-term consequences of the food crisis and its environmental impact, warning that problems will worsen without peace. Mexico asked that food markets be opened to fight the food crisis.
Interested in more? Here are the week’s major headlines in Agribusiness & Food!
Joint Approach Required for Climate, Food Safety Crises
The climate crisis directly affects agriculture, so FAO is introducing measures to reduce costs while promoting sustainable development. But at a time when the world is experiencing one of its worst food crises, sustainable issues have been given lower priority. Both crises have similar levels of urgency, so many are looking for complementary ways to address them. Time is running out to reduce emissions, stop global warming and face the climate crisis. “The decarbonization of the agri-food sector is possible and not a utopian ideal or an exercise consisting of crossing boxes. Low-carbon pathways exist, as highlighted in the report. However, it requires strong political and institutional commitment, concerted action, strong policies and good governance, and targeted investments and human resources to see results,” said Gianpiero Nacci, Director of Climate Strategy and Implementation, European Bank for Reconstruction and Development (EBRD).
Minister of Agriculture and Rural Development Víctor Villalobos Arámbula called for opening agri-food markets and for fair, inclusive trade. The link between trade, food security and peace is increasingly evident and makes collaboration essential to build an open, transparent multilateral trading system with clear rules, he added. This transparent multilateral trading system will speed up the provision of food and supplies in the complex global context.
The global agri-food sector faces fundamental challenges over the coming decade, particularly the need to feed an ever-growing population sustainably, the impacts of the climate crisis and the economic consequences and disruptions to food supply linked to the war in Ukraine. “Without peace in Ukraine, food security challenges facing the world will continue to worsen, especially for the world’s poorest. An immediate end of the war would be the best outcome for people in Russia and Ukraine and the many households worldwide suffering from sharp price increases driven by the war,” said Mathias Cormann, Secretary General, OECD.