Despite record nominal prices, FAO-AMIS expects global production for maize and wheat to fall in 2022 as the loss of production in Ukraine might not be offset by the rest of the world. This will likely keep upward pressure on prices, with potentially devastating effects on the global poor. Trade restrictions also remain a concern. At the end of May, 23 countries have implemented export restrictions ranging from outright bans to export taxes affecting almost 18 percent of agricultural exports, on a kilocalorie basis. In this context, AMIS calls on all countries to refrain from implementing trade restrictions, which will prolong the uncertainty in markets and threaten the most vulnerable around the globe.