Fortune Magazine published an article writing that news stories are hard to miss on how we are on the brink of a devastating food crisis, how we only have a few weeks’ worth of wheat left, and how getting out some 20 million tons of grain stuck in Ukraine could determine the fate of the world’s hungry. These stories, according to Fortune are inaccurate. Senior research fellow David Laborde says, “As of today, the world has no global shortage of food, but food is quite expensive and people’s wages have not adjusted yet.” He has been tracking stock levels using the IFPRI-created tool, Monitoring Agricultural Production and Stocks). “The main issue is that we have problems moving this food around, either due to the war or export restrictions. Of course, bad weather and lack of fertilizers could lead to an availability problem next year. But we are not there yet,” he added.
Scary headlines about food shortages are misleading. Here’s why (Fortune)
June 17, 2022