World’s Food Crisis Is Far From Over Despite Crop Prices Falling

A mural reading 'Food Bank' in the Harehills district of Leeds, UK.

Photographer: Dominic Lipinski/Bloomberg

After last year’s rampant food inflation, a drop in prices of goods from wheat to fertilizers is raising hopes for some respite in 2023. But multiple risks remain.

Food prices will probably climb this year unless there’s major debt relief and financial support from the international community, the International Food Policy Research Institute warned this week.