War in Ukraine will affect food prices – the real question is how badly
2 years, 9 months ago

War in Ukraine will affect food prices – the real question is how badly

The Independent  

The focus is shifting from energy to food. Quite aside from what happens in Russia, there will not be much planting of wheat in Ukraine this spring, so the question will be whether North America, France and other countries can increase production. The world’s largest importer of wheat is Egypt, and since it gets some 70 per cent of that from Russia, the outlook is frightening indeed. It is reasonable to expect food prices to rise by another 20 per cent this summer, and until there is some sort of outcome in Ukraine, one thing is absolutely clear. There is an argument that a surge in food prices in 2011 was a trigger for the unrest across North Africa and the Middle East in the so-called “Arab Spring”.

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History of this topic

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war
1 year, 2 months ago

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war

Associated Press  

How do you cook a meal when a staple ingredient is unaffordable? At Nairobi’s major food market, Wakulima, the prices for onions from Tanzania were the highest in seven years, seller Timothy Kinyua said. Tanzania’s onion limits this year are part of the “contagion” of food restrictions from countries spooked by supply shortages and increased demand for their produce, said …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 4 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

Associated Press  

LONDON — Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly …

Food prices rise after Russia ends grain deal, India restricts rice exports
1 year, 4 months ago

Food prices rise after Russia ends grain deal, India restricts rice exports

Al Jazeera  

There are new risks to global food prices after Russia exited grain deal and India restricted some rice exports. Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice …

UN chief urges Russia to revive grain deal with Ukraine, warning ‘the most vulnerable’ will suffer
1 year, 5 months ago

UN chief urges Russia to revive grain deal with Ukraine, warning ‘the most vulnerable’ will suffer

The Hindu  

The U.N. chief on Monday urged Russia to resume the internationally brokered deal so that grain can be shipped from Ukraine’s Black Sea ports, saying that otherwise, the world’s most vulnerable among the hungry will suffer the worst consequences. With the recent collapse of the Ukraine-Russia grain deal, “the most vulnerable will pay the highest price,’‘ Guterres said. Both Russia …

UN chief urges Russia to revive grain deal with Ukraine, warning ‘the most vulnerable’ will suffer
1 year, 5 months ago

UN chief urges Russia to revive grain deal with Ukraine, warning ‘the most vulnerable’ will suffer

Associated Press  

ROME — The U.N. chief on Monday urged Russia to resume the internationally brokered deal so that grain can be shipped from Ukraine’s Black Sea ports, saying that otherwise, the world’s most vulnerable among the hungry will suffer the worst consequences. Both Russia and Ukraine are “essential to global food security,’' the U.N. leader said. “For my part, I remain …

Why allowing Ukraine to ship grain during Russia’s war matters to the world
1 year, 5 months ago

Why allowing Ukraine to ship grain during Russia’s war matters to the world

LA Times  

Russia has suspended a wartime deal designed to move grain from Ukraine to parts of the world where millions are going hungry. The International Rescue Committee calls the grain deal a “lifeline for the 79 countries and 349 million people on the frontlines of food insecurity.” Losing millions of tons of food from Ukraine at a time when many countries …

Why allowing Ukraine to ship grain during Russia's war matters to the world
1 year, 5 months ago

Why allowing Ukraine to ship grain during Russia's war matters to the world

The Hindu  

Agreements that the United Nations and Turkey brokered with Ukraine and Russia to allow food and fertilizer to get from the warring nations to parts of the world where millions are going hungry have eased concerns over global food security. The Black Sea Grain Initiative has allowed 32.8 million metric tons of food to be exported from Ukraine since last …

Why allowing Ukraine to ship grain during Russia’s war matters to the world
1 year, 5 months ago

Why allowing Ukraine to ship grain during Russia’s war matters to the world

Associated Press  

LONDON — Russia has suspended a wartime deal designed to move grain from Ukraine to parts of the world where millions are going hungry. The Black Sea Grain Initiative, brokered by the U.N. and Turkey, has allowed 32.9 million metric tons of food to be exported from Ukraine since August, more than half to developing countries, according to the Joint …

Russia’s threat to pull out of Ukraine grain deal raises food safety concerns
1 year, 5 months ago

Russia’s threat to pull out of Ukraine grain deal raises food safety concerns

The Hindu  

Concerns are growing that Russia will not extend a United Nations-brokered deal that allows grain to flow from Ukraine to parts of the world struggling with hunger, with ships no longer heading to the war-torn country’s Black Sea ports and food exports dwindling. Russian intentions If the deal isn’t extended, “the countries that had relied on Ukraine for their imports …

How escalating conflict in Ukraine deepens Britain’s food price woes
1 year, 6 months ago

How escalating conflict in Ukraine deepens Britain’s food price woes

The Telegraph  

However, Walton says British shoppers will also feel the impact at the tills as a squeeze on global wheat supplies drives up prices across the board. That might well push back the timeline for a return to more normal food pricing,” he says. It brings one of the most powerful fluctuations in the Earth’s climate system, causing yet more disruption …

Price caps will create food shortages, Rishi Sunak warned
1 year, 6 months ago

Price caps will create food shortages, Rishi Sunak warned

The Telegraph  

Rishi Sunak has been warned his plan for “1970s-style” price caps will lead to food shortages amid a backlash from cabinet ministers and supermarkets. One cabinet minister told The Telegraph that price caps, last used in Britain in the 1970s, would not work “in this day and age” and that produce would be “sold elsewhere” if supermarkets refused to increase …

Russia agrees to extend Ukraine grain deal in a boost for global food security
1 year, 7 months ago

Russia agrees to extend Ukraine grain deal in a boost for global food security

Associated Press  

ANKARA, Turkey — Russia agreed to a two-month extension of a deal that has allowed Ukraine to ship grain through the Black Sea to parts of the world struggling with hunger, Turkish President Recep Tayyip Erdogan announced Wednesday, a boost to global food security after the war drove up prices. “Looking ahead, we hope that exports of food and fertilizers, …

Is the supermarket milk price war a sign food prices could FINALLY fall from current record highs?
1 year, 8 months ago

Is the supermarket milk price war a sign food prices could FINALLY fall from current record highs?

Daily Mail  

Four supermarkets have slashed the price of milk this week, with the competition leading to hopes record food prices could finally start to fall. Talking shop: The price of supermarket groceries has soared, leaving households paying record prices for their weekly shop Tesco led the charge on Wednesday, reducing the price of a four-pint carton of milk from £1.65 to …

Year of war in Ukraine left developing nations picking up pieces
1 year, 10 months ago

Year of war in Ukraine left developing nations picking up pieces

Al Jazeera  

Some of the harshest economic effects of the war are being felt much farther afield than Russia’s theatre of battle. Given the complex interplay between geopolitics, commodity prices and financial markets, Russia’s invasion sent shockwaves across the global economy, including developing countries. “The international community needs to adopt a portfolio approach to improve food resilience in developing countries,” Torero said, …

War in Ukraine at 1 year: Pain, resilience in global economy
1 year, 10 months ago

War in Ukraine at 1 year: Pain, resilience in global economy

Associated Press  

An Egyptian widow is struggling to afford meat and eggs for her five children. “It’s become unbearable,” Rabie said, heading to her job as a cleaner at a state-run hospital in Cairo’s twin city of Giza. “Meat and eggs have become a luxury.” In the United States and other wealthy countries, a painful surge in consumer prices, fueled in part …

War in Ukraine at 1 year: Pain, resilience in global economy
1 year, 10 months ago

War in Ukraine at 1 year: Pain, resilience in global economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Meat and eggs have become …

Hunger Pangs: How Russia's war in Ukraine is starving the world
1 year, 11 months ago

Hunger Pangs: How Russia's war in Ukraine is starving the world

Firstpost  

An enduring global food crisis has become one of the farthest-reaching consequences of Russia’s war in Ukraine, contributing to widespread starvation, poverty and premature deaths. “We’re dealing now with a massive food insecurity crisis,” Antony Blinken, the US secretary of state, said last month at a summit with African leaders in Washington. “It’s the product of a lot of things, …

When will global gas prices go down to pre-Ukraine war levels?
2 years ago

When will global gas prices go down to pre-Ukraine war levels?

Al Jazeera  

Energy analysts explain why much of the world can expect high prices for at least the next two years. “The factors that have brought gas prices down aren’t likely to continue in 2023.” The steep drop in crude prices, caused by the G7 cap on the price of Russian oil carried by Western-insured ships, isn’t expected to last either: Oil …

Russia-Ukraine grain deal extended in win for food prices
2 years, 1 month ago

Russia-Ukraine grain deal extended in win for food prices

Associated Press  

ANKARA, Turkey — A wartime agreement that unblocked grain shipments from Ukraine and helped temper rising global food prices will be extended by four months, the United Nations and other parties to the deal said Thursday, preventing a price shock to some of the world’s most vulnerable countries where many are struggling with hunger. Ukrainian President Volodymyr Zelenskyy called the …

EXPLAINER: What Russia's suspension of grain deal with Ukraine could mean
2 years, 1 month ago

EXPLAINER: What Russia's suspension of grain deal with Ukraine could mean

India TV News  

Russia-Ukraine war: Russia has suspended its part of the deal allowing Ukraine to ship grain from its Black Sea ports safely amid a monthslong war, and it appears that the remaining partners are now left to take their chances. On Monday, Ukraine said a dozen ships had sailed despite initially reporting that more than 200 vessels, many loaded and ready …

Soaring rent, food costs keep US consumer inflation high
2 years, 2 months ago

Soaring rent, food costs keep US consumer inflation high

Al Jazeera  

The rising rent and food prices reinforce expectations that the US Fed will raise interest rates again next month. US consumer prices increased more than expected in September as rents surged by the most since 1990 and the cost of food also rose, reinforcing expectations the Federal Reserve will deliver a fourth 75-basis-point interest rate rise next month. The data …

OECD: War in Ukraine to drag on global economy into 2023
2 years, 2 months ago

OECD: War in Ukraine to drag on global economy into 2023

Associated Press  

PARIS — Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year, the Organization for Economic Cooperation and Development said Monday in a darkening outlook. The inflation and energy supply shock led the OECD to project annual economic …

Here’s how to stop Putin and prevent a global food crisis
2 years, 3 months ago

Here’s how to stop Putin and prevent a global food crisis

Al Jazeera  

The war in Ukraine has demonstrated how international efforts to counter Russia are severely hamstrung by an uncomfortable reality: Isolating the Kremlin comes with a cost in the form of massive risks to global food security. Moscow is trying to leverage this mounting crisis as a way around the economic pressure designed to compel it to end its assault on …

The global threat to our food security
2 years, 3 months ago

The global threat to our food security

Live Mint  

Recent data on inflation suggests a softening of the trend of rising inflation in retail prices. While overall domestic food inflation has moderated, both rice and wheat prices have been showing an upward trend. Unproven, unregulated, facial recognition tech creeping in Why we must welcome Coldplay's climate play Hero Electric in talks to raise $250 million How Nifty's dynamic with …

War brings desperation and danger to Ukraine’s farmers — and the world feels the pain
2 years, 4 months ago

War brings desperation and danger to Ukraine’s farmers — and the world feels the pain

LA Times  

A farmer shows his grain in the village of Ptyche in the Donetsk region of eastern Ukraine in June 2022. Before the war, Ukraine exported an average of 430,000 tons of sunflower oil per month, making it responsible for roughly 42% of the world’s supply; its disruption spiked the price per metric ton by 50%. I’ve never seen anything that …

Ukraine grain shipments offer hope, not fix to food crisis
2 years, 4 months ago

Ukraine grain shipments offer hope, not fix to food crisis

Associated Press  

BEIRUT — A ship bringing corn to Lebanon’s northern port of Tripoli normally would not cause a stir. The Razoni, loaded with more than 26,000 tons of corn for chicken feed, is emerging from the edges of a Russian war that has threatened food supplies in countries like Lebanon, which has the world’s highest rate of food inflation — a …

How the Ukraine invasion, fertiliser and fuel crises and climate change combine to create a world hunger problem
2 years, 4 months ago

How the Ukraine invasion, fertiliser and fuel crises and climate change combine to create a world hunger problem

ABC  

The ripple effects of concurrent crises are leading the world on a path to crushing hunger — and the possibility of more war. "Wheat is a staple product in the diets of so many," Rabobank grains analyst Cheryl Kalisch Gordon says, "20 per cent of the world's calories come from wheat and in some parts of Africa and the Middle …

A global famine is still an avoidable disaster
2 years, 5 months ago

A global famine is still an avoidable disaster

Live Mint  

and the U.S. accuse Russia of creating a global food crisis with its Ukraine invasion. That move and forecasts of a bumper harvest in a number of countries have been driving wheat prices down; it’s likely that an acute food crisis will be avoided this year and next. Though there is no grain shortage, a jump in fuel costs — …

Inflation pushed 71M people into poverty since Ukraine war
2 years, 5 months ago

Inflation pushed 71M people into poverty since Ukraine war

Associated Press  

DUBAI, United Arab Emirates — A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia’s invasion of Ukraine, the United Nations Development Program said in a report Thursday. The UNDP estimates that 51.6 million more people fell into poverty in the first …

Explained | The impact of the Ukraine-Russia crisis on global agricultural markets
2 years, 5 months ago

Explained | The impact of the Ukraine-Russia crisis on global agricultural markets

The Hindu  

The story so far: Russia’s invasion of Ukraine has not only created instability in the region and displaced millions of people but has also led to a global food shortage. FAO’s forecasts, considering that war-related disruptions can persist, say that Ukraine’s wheat export could decline by 50 per cent in 2022-23, compared to the already reduced 2021-22 level. Sunflower seed …

Famine threatens wide swaths of world, now worsened by Ukraine war
2 years, 5 months ago

Famine threatens wide swaths of world, now worsened by Ukraine war

LA Times  

Somali children show symptoms of a severe protein malnutrition this month in Mogadishu, Somalia. “The current food security challenge that we’re facing due to these three Cs: climate, COVID, and conflict,” said Ramin Toloui, assistant secretary of State for economic affairs, one of several Biden administration officials tasked to food-security issues. “But what we know is this: We know that …

EXPLAINER: How did Russia-Ukraine war trigger a food crisis?
2 years, 6 months ago

EXPLAINER: How did Russia-Ukraine war trigger a food crisis?

Associated Press  

LONDON — Russian hostilities in Ukraine are preventing grain from leaving the “breadbasket of the world” and making food more expensive across the globe, threatening to worsen shortages, hunger and political instability in developing countries. World food prices were already climbing, and the war made things worse, preventing some 20 million tons of Ukrainian grain from getting to the Middle …

How did the Russia-Ukraine war trigger a global food crisis?
2 years, 6 months ago

How did the Russia-Ukraine war trigger a global food crisis?

Al Jazeera  

Russia and Ukraine export nearly a third of the world’s wheat and barley and more than 70 percent of its sunflower oil. Russia’s war in Ukraine is preventing grain from leaving the “breadbasket of the world” and making food more expensive across the globe, threatening to worsen shortages, hunger, and political instability in developing countries. It really has added an …

Ukraine President meets with EU leaders to discuss weapons, reconstruction after war with Russia
2 years, 6 months ago

Ukraine President meets with EU leaders to discuss weapons, reconstruction after war with Russia

ABC  

Ukrainian President Volodymyr Zelenskyy says Russia's invasion amounts to aggression against all Europe, and the more weapons Ukraine receives from the West, the faster it will be able to liberate its occupied land. Key points: Ukraine is expecting to receive modern rocket artillery and missile defence systems from EU countries Officials say dozens of ghost villages had been created near …

How does the war in Ukraine impact food supply?
2 years, 6 months ago

How does the war in Ukraine impact food supply?

ABC  

The war in Ukraine is exacerbating an already alarming global food crisis, experts warn. David Beasley, the head of WFP, has called Russia's failure to open the ports in Ukraine to grain and agricultural exports "a declaration of war on global food security." The world is already experiencing "food shocks" – the loss of food supply due to climate events …

Food shortages: Why Russia is being accused of using food as a weapon of war
2 years, 6 months ago

Food shortages: Why Russia is being accused of using food as a weapon of war

CNN  

CNN — Russia’s war in Ukraine could push up to 49 million people into famine or famine-like conditions because of its devastating impact on global food supply and prices, the United Nations has said, in the latest dire warning over food insecurity. Russia’s blockade of Ukrainian ports has already raised global food prices and threatens to cause a catastrophic food …

Ukraine war implications will lead to hunger situation in many countries: Jaishankar
2 years, 6 months ago

Ukraine war implications will lead to hunger situation in many countries: Jaishankar

The Hindu  

Union Minister for External Affairs S. Jaishankar on Thursday said that the implications of the situation in Ukraine will throw up a three ‘F’ crisis leading to hunger situations and a cascading problem on the next harvest in many countries. He was speaking on ‘Eight years of National Security’ — an interaction organised by the National Institute of Advanced Studies …

UN report: Ukraine war is increasing suffering of millions
2 years, 6 months ago

UN report: Ukraine war is increasing suffering of millions

Associated Press  

UNITED NATIONS — The ripple effects of the war in Ukraine are increasing the suffering of millions of people by escalating food and energy prices and worsening a financial crisis, coming on top of the impact of the COVID-19 pandemic and climate change, a U.N. report said Wednesday. Global Crisis Response Group said the war “has exacerbated a global cost-of-living …

The Ukraine war and the global food crisis
2 years, 6 months ago

The Ukraine war and the global food crisis

The Hindu  

The story so far: Russia’s invasion of Ukraine and the subsequent sanctions on its economy have sent global food prices soaring, threatening to push millions of people, especially those in low-income countries, into starvation. Ukraine and its allies in the West have accused Russia of weaponising food, saying that its blockade of Ukraine’s Black Sea ports is the primary reason …

Russia-Ukraine latest: UN says war impact on world ‘severe’
2 years, 6 months ago

Russia-Ukraine latest: UN says war impact on world ‘severe’

Al Jazeera  

Latest updates June 8, 2022: War in Ukraine’s effect on food, energy, finance is ‘systemic, severe, and speeding up’, UN chief Antonio Guterres says. 8 Jun 2022 - 14:40 GMT Kyiv says ‘Russian aggression’, not sanctions, fuelling grain crisis Ukraine’s foreign minister says Russia’s invasion is responsible for a global grain crisis and dismissed Moscow’s claims that Western sanctions on …

100 days in, UN says Russia-Ukraine war ‘will have no winner’
2 years, 6 months ago

100 days in, UN says Russia-Ukraine war ‘will have no winner’

Al Jazeera  

The UN crisis coordinator for Ukraine says war is costly for both Kyiv and Moscow and calls for an end to hostilities. As Russia’s invasion of Ukraine enters its 100th day, the United Nations has called for an immediate end to a war that “has and will have no winner”. “We have witnessed destruction and devastation across cities, towns and …

Ukraine war ‘aggravating’ existing global food crisis, UN warns
2 years, 6 months ago

Ukraine war ‘aggravating’ existing global food crisis, UN warns

Al Jazeera  

‘Food is available,’ Luca Russo, the FAO’s lead analyst for food crises, tells Al Jazeera. As the cost of food soars around the world, the United Nations warns that the war in Ukraine risks aggravating inflating prices and causing a full-on global food crisis. Luca Russo, the FAO’s lead analyst for food crises, told Al Jazeera that as Russia’s invasion …

100 Days of War: Amid Russia-Ukraine war, food security crisis only set to worsen
2 years, 6 months ago

100 Days of War: Amid Russia-Ukraine war, food security crisis only set to worsen

India Today  

Of the three food items — wheat, corn, and rice — which account for nearly 40 per cent of the world’s calorie intake, the production of two is set to fall slightly in 2022. While fall is expected to be marginal, the growing unaffordability of commonly used food items has pushed a large section of the population to the brink …

Far from Ukraine, food prices and hunger rise in Africa because of the war
2 years, 6 months ago

Far from Ukraine, food prices and hunger rise in Africa because of the war

LA Times  

It now costs Ayan Hassan Abdirahman twice as much as it did just a few months ago to buy the wheat flour she uses to make breakfast each day for her 11 children in Somalia’s capital. Conflict, the climate crisis, COVID-19 and surging food and fuel costs have created a perfect storm — and now we’ve got the war in …

War in Ukraine adds to food price hikes, hunger in Africa
2 years, 6 months ago

War in Ukraine adds to food price hikes, hunger in Africa

Associated Press  

MOGADISHU, Somalia — It now costs Ayan Hassan Abdirahman twice as much as it did just a few months ago to buy the wheat flour she uses to make breakfast each day for her 11 children in Somalia’s capital. Conflict, the climate crisis, COVID-19 and surging food and fuel costs have created a perfect storm — and now we’ve got …

As the war grinds on, the world looks for a way to get Ukraine’s grain out
2 years, 6 months ago

As the war grinds on, the world looks for a way to get Ukraine’s grain out

LA Times  

Russia pressed Thursday for the West to lift sanctions imposed because of its war in Ukraine, claiming without proof that the punitive measures are preventing millions of tons of grain and other agricultural products from leaving Ukrainian ports, exacerbating a global food crisis. “This food crisis is real, and we must find solutions,” World Trade Organization Director-General Ngozi Okonjo-Iweala said …

Effects of Russia-Ukraine conflict on Asian Economies
2 years, 7 months ago

Effects of Russia-Ukraine conflict on Asian Economies

Hindustan Times  

The ongoing Russia-Ukraine conflict has a great potential to hamper the post-Covid economic recovery of the Asian/Southeast Asia region. When it comes to the Southeast Asian region, particularly the Association of South East Asian Nations nations, they do not have direct economic links with Russia, however, there has been a surge in commodity prices, especially oil, which has become fairly …

US accuses Russia of weaponizing food in Ukraine war
2 years, 7 months ago

US accuses Russia of weaponizing food in Ukraine war

Associated Press  

UNITED NATIONS — U.S. Secretary of State Antony Blinken accused Russia on Thursday of weaponizing food and holding grain for millions of people around the world hostage to help accomplish what its invasion of Ukraine has not -- “to break the spirit of the Ukrainian people.” He told a U.N. Security Council meeting called by the United States that the …

UN chief `hopeful’ of Ukraine grain deal to help food crisis
2 years, 7 months ago

UN chief `hopeful’ of Ukraine grain deal to help food crisis

Associated Press  

UNITED NATIONS — With global hunger levels at a new high, the United Nations chief said Wednesday he is in “intense contacts” with Russia and other key countries and is “hopeful” of an agreement to allow the export of grain stored in Ukrainian ports and ensure Russian food and fertilizer have unrestricted access to global markets. “There is no effective …

UN hopes to restore Ukraine grain exports amid global food crisis
2 years, 7 months ago

UN hopes to restore Ukraine grain exports amid global food crisis

Al Jazeera  

UN chief Guterres says he is in talks with multiple partners to take action before food, energy and economic crises in poor countries worsen. UN Secretary-General Antonio Guterres says he is in “intense contact” with Russia, Ukraine, Turkey, the United States, and the European Union in an effort to restore Ukrainian grain exports as a global food crisis worsens. “The …

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