LDC Trade Report 2023: Improving food security
Trade improves the food supply of least developed countries (LDCs), but import dependence on concentrated suppliers of cereals, vegetable oils and sugar threatens their food security. In 2022, increasing food and fertiliser prices, the war in Ukraine and export restrictions depressed LDC food imports.
To boost resiliency, LDCs can improve market access for food imports, by revising tariffs and eliminating non-tariff obstacles, and tap into alternative supply sources, by diversifying suppliers and integrating into regional agrifood value chains.
The international community can play a critical role by improving market information and deterring the use of harmful export restrictions.