About global food security events

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On November 15, the 17th G20 Summit was held in Bali, Indonesia.

As the host, Indonesian Prime Minister Joko Widodo started with the food issue and clarified the crisis that the world should respond to in 2023.

Don't underestimate the fertilizer problem, he said, and 2023 will be even more bleak if immediate steps are not taken to ensure there is a supply of fertilizer at the right price in the market.

The current high food prices will further worsen into a food supply crisis, and fertilizer shortages will lead to crop failures around the world.

Food security is one of the important topics discussed at the G20 Bali summit.

At present, the global food security situation is severe and complex. According to the latest report "The State of Food Security and Nutrition

in the World" released by the Food and Agriculture Organization of the United Nations, there will be 828 million hungry people in the world in 2021, and 3.1 billion people cannot afford a healthy diet.

Before the G20 summit, the "Food Outlook" issued by the Food and Agriculture Organization of the United Nations predicts that the global food import bill will rise to 1.94 trillion US dollars in 2022,

an increase of 10% year-on-year; the global agricultural input import cost may reach 424 billion US dollars, an increase of nearly 50% year-on-year %, more than double the 2020 level, both likely to hit record highs.

After the outbreak of the Russia-Ukraine War, major ports in the Black Sea were blocked, and global food prices rose rapidly. Although food prices have dropped somewhat, they are still higher than pre-epidemic levels.

Under the mediation of various parties, Russia and Ukraine signed a grain transportation agreement at the end of July.

At present, the 120-day agreement is about to expire on November 19. According to Agence France-Presse, Turkish President Recep Tayyip Erdogan said at a press conference held in Bali,

Indonesia on November 16 that the agreement on the export of agricultural products at the Black Sea port is expected to continue, "no problem."

It is reported that the G20 is composed of 19 countries and 20 parties including the European Union. It brings together the world's major developed economies and emerging market economies, and its economic aggregate accounts for about 85% of the world.

In 2008, the international financial crisis broke out. In November of that year, the first summit of G20 leaders was held. The G20 stepped in to bring the world economy, which was slipping off the cliff, back to the track of stability and recovery. The crisis has also established the G20 as the main forum for international economic cooperation.