Writing on the front page of today’s New York Times, Jack Nicas reported that, “The war in Ukraine has delivered a shock to global energy markets. Now the planet is facing a deeper crisis: a shortage of food.
Leading thinktank raises global inflation forecast to 7.5% as cost of food staples, minerals and energy rises
Wheat prices have soared following the Russian invasion of Ukraine. Global food prices have reached record highs as world battles COVID-19. Ukraine crisis could lead to millions more people going hungry.
Raising the alert of Russian nuclear forces is a bone-chilling development. The prospect of nuclear conflict, once unthinkable, is now back within the realm of possibility. The security and safety of nuclear facilities must also be preserved. It’s time to stop the horror unleashed on the people of Ukraine and get on the path of diplomacy and peace.
The food insecurity triggered by Russia's invasion of Ukraine will cause deep problems in Africa, where nearly half of the continent depends on Russia and Ukraine for food staples. Africa is already a new front in a new Cold War.
Ukraine is a significant transit country of Russian gas. But lost in the discussion is what a wider conflict might do to global food prices amid disruption to the supply chain of grains from Europe’s breadbasket.
Market structure, trade profiles and recent price trends
This blog post is part of a special series on the global and regional food security implications of rising food and fertilizer prices that began with the pandemic and are now exacerbated by Russia’s invasion of Ukraine. The blog series is curated by IFPRI Senior Research Fellows Joseph Glauber and David Laborde to offer a range of perspectives and analyses on both the short- and long-term impacts