In the two decades leading up to Russia’s February 2022 invasion, Ukraine had become a major producer and exporter of numerous agricultural commodities.
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Russia’s termination of the Black Sea Grain Initiative (BGSI) will be a main topic of discussion in United Nations General Assembly meetings next week.
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.
The Russia-Ukraine war has focused global attention on the key economic roles those countries play as major exporters of agricultural commodities.
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.
After the sharp rise in international prices of wheat and other staple foods in the wake of Russia’s February invasion of Ukraine, since May prices have fallen back to pre-war levels. Has the global food price crisis now come to an end?
When Russian troops invaded Ukraine one year ago, the war appeared to pose a grave threat to global food security. The conflict could hardly have come at a worse moment.
The Russia-Ukraine war after a year: Impacts on fertilizer production, prices, and trade flows
Russia’s 2022 invasion of Ukraine triggered global disruptions in markets for key food crops and fertilizers, threatening food security worldwide.
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.