The IFPRI Food Security Portal’s Excessive Food Price Variability Early Warning System is showing excessive levels of price volatility in the four major food commodities: wheat, maize, rice, and soybeans, as well as cotton.
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The Russia-Ukraine war has focused global attention on the key economic roles those countries play as major exporters of agricultural commodities.
book chapter
Suspension of the Black Sea Grain Initiative: What has the deal achieved, and what happens now?
Russia’s October 29, 2022, announcement that it was suspending its participation in the Black Sea Grain Initiative — which allows shipments out of Ukrainian ports — was not a surprise; Russia had been skeptical of the deal from the start.
book chapter
How sanctions on Russia and Belarus are impacting exports of agricultural products and fertilizer
The sanctions imposed by the European Union, United States, Canada, and other countries on Russia and Belarus following Russia’s February 24 invasion of Ukraine included restrictions on banking, trade, technology transfers, and specific individual
The unfolding crisis in Ukraine has roiled commodity markets and threatens global food security. Ongoing fall out from the COVID-19 pandemic and other factors have already driven up food prices.
Russia’s invasion of Ukraine has led to the disruption, by sanctions or war, of two of the world’s largest grain exporters. This means 2022 is shaping up to be a very difficult year for the global food system.