Food Coalition

Food price monitoring online platform for market transparency and food security

The COVID-19 pandemic has re-emphasized the need for timely market information. Similar to the food price crisis of 2007-2008, the current global shock has reiterated the value of evidence-based market data and analysis that are critical in informing policy decisions, particularly in times of crises. The effects of the pandemic have led to wide-spread unemployment and income losses, lowering the affordability of foods and heightening food insecurity, while concurrently the lockdown restrictions have adversely affected the efficient functioning of actors along food value chains. Such impacts require timely dissemination of market data, including price information, which can play a vital role in helping to assess the effects of a crisis, enabling entities to efficiently respond to changing market dynamics and supporting the formulation of appropriate government responses. The present action sheet is offering a digital solution to meet these needs.

Priority Areas of work: Trade and Food Safety Standards
SDG: 2. Zero Hunger
Level: Global
Budget: USD 1.5 million

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