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This edition of The State of Agricultural Commodity Markets focuses on the complex and underexplored intersection between agricultural trade, climate change and food security. It is clear that we cannot tackle hunger without finding adaptation and mitigation solutions to climate change in agriculture and food systems. It is also clear that the uneven impact of climate change across regions and countries, and the corresponding changes in food availability and access will affect international trade patterns and trade routes. This report supports these discussions by providing an in-depth analysis of the Paris Agreement and the WTO agreements to enhance clarity and provide guidance on policy options that could strengthen the mutually supportive role of these accords in tackling climate change and hunger. Wide-ranging policy actions are necessary to ensure that trade will contribute to the efforts aimed at ensuring food security and promoting adaptation and mitigation to climate change. The uneven impact of climate change across the world and its implications for agricultural trade, especially for developing countries, underlines the need for a balanced approach to policies, which should enhance the adaptive role of trade, while supporting the most vulnerable.

A global perspective on agribusiness and sustainable agriculture.

At the second PACC Multipartite Review Meeting in August 2011 it was agreed that Cost-Benefit Analysis (CBA) would be incorporated into PACC pilot demonstration projects. This report documents the planning of the PACC CBA work program, outputs and impacts to date, and next steps for the coming 12 months. The focus of the report is an evaluation of three CBA training workshops which were run between November 2011 and February 2012.

Report from the PACC project