Climate Change

Climate change is increasing the frequency of adverse weather events and reducing agricultural productivity, particularly in warmer regions of the world (Ortiz-Bobea et al 2021). Smallholder farming households in developing countries depend on agriculture for their livelihoods and spend a larger proportion of their income on food,  making them the most vulnerable to harvest failures  (Hallegatte et al 2020).

Myanmar faces significant agricultural economic challenges as climate risks and socio-political factors intensify, increasing the urgent need for resilience, sustainable practices, and effective disaster management to ensure food security and protect livelihoods.   

Key Takeaways:

 Myanmar’s agriculture, the backbone of the economy, faces severe climate risks, including floods that impact food production, GDP, and community stability.

In September, the FAO Food Price Index saw the largest month-on-month increase since May 2022, rising 3 percent from August. While the Index is 2 percent higher than its September 2023 level, it remains over 22 percent below its March 2022 peak.

Reducing food loss and waste (FLW) is crucial to improving food security, reducing malnutrition, and providing livelihoods for food system workers. But such efforts are also key to combating climate change. FLW has significant environmental impacts, including greenhouse gas (GHG) emissions in both the production of food that is later lost and in waste management.

Spiking food prices have made headlines around the world this year, from eggs in the US to vegetables in India.

The UN Food and Agriculture Organization’s Food Price Index has been slowly increasing over the past six months following declines over much of 2023.

For example, the price of orange juice concentrate in the US was 42% higher in April than it was a year ago, while the price of fresh orange juice in the UK has risen 25% over the last year.

In Greece, the price of olive oil rose by nearly 30% over 2023 and by more than 63% in April of this year.