The U.N. Food and Agriculture Organization estimates that global trade in food reached $1.53 trillion in 2020, more than twice its level twenty years before. Trade in food is essential to meeting the needs of growing cities and food insecure countries worldwide. It enables a significant source of jobs and revenues for exporting countries. The importance of trade is set to rise further with climate change, as supply shocks become more frequent, and more people come to depend on imports. The early signs of this are visible. In 2021 alone, droughts on all inhabited continents have contributed to global food price increases of over a third, an upward trend that predates the COVID-19 pandemic.
Learn more from the Food and Land Use Coalition here.