The Russo-Ukrainian War Is Believed To Have An Impact on the World Hunger Crisis

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The Russo-Ukrainian War Is Believed To Have An Impact on the World Hunger Crisis


Russia's invasion of Ukraine is considered to have an impact on food inflation leading to a massive crisis. In fact, the effects of this war could potentially outweigh the blow of the pandemic and drive millions more to starvation.

As is well known, Russia and Ukraine account for a large part of the world's agricultural supply, exporting so much wheat, corn, sunflower oil and other foods that they add more than a tenth of all calories traded globally. Now, shipments from both countries have almost dried up.

Quoting Bloomberg (9/3), wheat has gained about 50% in two weeks and corn has just touched a decade high. Soaring costs could eventually weigh on currencies in emerging markets, where food represents a larger share of the consumer price basket.

This crisis will not only affect grain exports, considering that Russia is also a major supplier of fertilizers. Nearly every major crop in the world depends on inputs such as potassium and nitrogen, and without steady flows, farmers will have difficulty growing everything from coffee to rice and soybeans.


“It's a great food surprise. I didn't know a situation like this in the 30 years I've been involved in this sector." said Abdolreza Abbassian, an independent market analyst and former senior economist at the United Nations Food and Agriculture Organization.

In Brazil, another agricultural powerhouse, farmers can't get the fertilizer they need because retailers are reluctant to quote prices.

In China, one of the world's biggest food importers, buyers are buying up US corn and soybeans on concerns that shipments of fewer crops from Russia and Ukraine could trigger a global scramble for the grain.

Meanwhile, in Egypt, people worry that the price of the subsidized bread they rely on could rise for the first time in four decades, while footage of citizens in Turkey trying to grab cheaper cans of oil went viral.

And in Ukraine itself, food is running low in some big cities.


“The damage has already been done. We will have months before we return to so-called normality," Abbassian said.

Meanwhile, global food prices have already reached record highs, with the UN benchmark index increasing by more than 40% over the past two years. The surge had devastating consequences.

Food insecurity has doubled in the past two years, and the World Food Program estimates 45 million people are on the brink of starvation.

The current crisis will make matters worse, possibly sending hunger to unprecedented levels as the conflict turns millions of people into refugees and drives food prices higher.

"Bullets and bombs in Ukraine could take the global hunger crisis to a level beyond anything we have seen before," said David Beasley, executive director of the UN agency.




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