Financial Times | Fertiliser inflation presages a global food supply crisis
The effect of price rises could be exacerbated by excessive concentration in the sector.
The effect of price rises could be exacerbated by excessive concentration in the sector.
DUBAI, United Arab Emirates -- Russia's war in Ukraine could mean changes for Ed Kessel's farm along a quiet stretch of western North Dakota.
Reuters writer Pavel Polityuk reported yesterday that, “Major global grain grower Ukraine has sown the first 150,000 hectares of spring crops amid the Russian invasion which could sharply reduce the sowing area, the country’s deputy agriculture minister said on Friday.
The on-going war between Russia and Ukraine has reportedly affected the global economy with sharp increase in the price of cereals and agricultural input such as fertilizer. It is against this backdrop that the President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, recently raised the alarm that the war will likely trigger food riots and political crises in many African countries, especially those that depend so much on food imports from the troubled war zone.
The Forum and its partners are collaborating on humanitarian action in Ukraine and beyond. Explore in the pieces below insights from Forum thought leaders on the war and its global impacts.
Ukraine's agriculture minister resigned on Thursday, citing health reasons, a month after Russia launched a war that has forced one of the world's largest grain producers to halt the export of some farm products.
The continent relies heavily on Russian and Ukrainian exports, but Russia’s invasion and resulting sanctions have disrupted supply and pushed up prices Wheat, corn, sunflower oil and fertiliser are among the products affected, along with oil, compounding the impact of political instability and drought
As Russia continues its military assault on Ukraine, Ukraine’s agriculture minister warned that its spring crop, and even next year’s harvest, could be halved, hampering its ability to continue to function as a major global agriculture producer and exporter
As the war in Ukraine heightens food insecurity, a new report argues that producing what we eat in a sustainable way will lessen dependence of imports while fighting climate change. With no end in sight to the war in Ukraine, one unintended consequence has been the threat to world food security.
The UN Secretary-General Antonio Guterres expressed concern Wednesday that the war between Russia and Ukraine could lead to a food crisis in the Middle East and Africa.