How the Russian invasion is impacting global food security (CBS News – Money Watch)

CBS News produced a video interview with senior research fellow David Laborde who said that the conflict caused by the Russian invasion of Ukraine has already disturbed operations. “The Black Sea is not open for trade and can’t reach its consumers. With sanctions on top of that, there will be longer disruption of grain markets; potash is under sanctions, other fertilizer is sanctioned. The next harvest is critical. The global repercussions of this conflict will see high prices on oil, crops like soybean, corn, and every country in the world will pay higher prices. If you are in an advanced economy, you can take it, if you are in some of the poorest countries there will be greater malnutrition.” Financially, countries need to “make sure that the people who need food have a social safety net; make sure that the sanctions won’t make the situation worse by providing staples to markets outside of one’s own nation.” Also, on YouTube.