Global Food Price Crisis

One of the lessons from the price increase problem is the need to strengthen food sovereignty and security as well as to improve governance from the upstream to the downstream.

KOMPAS/RADITYA HELABUMI

Residents buy cheap food at the Pasar Jaya Senen outlet, Central Jakarta, Monday (7/2/2022). The subsidized cheap food is intended for residents of Jakarta Smart Card (KJP) holders to improve food access for residents and maintain food price stability in Jakarta.

The spike in food prices is a new menace haunting the global economy that, apart from energy prices, has the potential to become a source of instability.

The global food price index has surged to a record high in the last two months and it is predicted to remain high for some time to come.