War Fuels Food Crisis

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War Fuels Food Crisis

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Bibliographic details

• Authors: ANDREW STANLEY
• Published: June 2, 2022

Overview

• Three compounding crises—conflict, COVID, and climate change—are giving rise to another: hunger.
• FOOD PRICES ROSE 23 percent in 2021, ending several years of relative price stability, in part because extreme weather hurt harvests and energy costs climbed.
• Russia’s invasion of Ukraine in late February sent prices to an all-time high by disrupting commodity flows from two of the world’s largest exporters of wheat and other staples.

Causes and drivers

• Conflict: Russia’s invasion of Ukraine in late February disrupted commodity flows from two of the world’s largest exporters of wheat and other staples.
• COVID: Ongoing pandemic effects continued to strain supply chains and demand patterns.
• Climate change: Extreme weather hurt harvests, contributing to the 23 percent rise in food prices in 2021.
• Energy costs: Climatic and market factors contributed to higher energy costs, which helped push food prices up.

Impacts and implications

• Rising food prices have ended several years of relative price stability.
• The combination of conflict, COVID, and climate change is creating a compounded crisis with the potential to increase global hunger.

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