Is food price inflation really subsiding?

Robert Vos, Joseph W. Glauber and David Laborde Debucquet

Chapter 9 in The Russia-Ukraine conflict and global food security, 2023, pp 48-51 from International Food Policy Research Institute (IFPRI)

Abstract: Almost a year after the February 2022 Russian invasion of Ukraine, fears of a period of sustained high global food prices have subsided somewhat, but eight major concerns for food security remain.; First, prices for food commodities remain high by historical standards. As shown in Figure 1, the UN’s Food and Agriculture Organization (FAO) index for internationally traded food commodities, after rising during the initial months of the war, is now back to its pre-war, end of 2021 level — but still remains well above levels of preceding years. This holds for all main components of the index (cereals, meat, dairy, vegetable oils, and sugar). Vegetable oil prices showed the strongest decline in the second half of 2022, falling by 33% between June and December, but still are one-third above pre-COVID levels.

Keywords: foods; shock; policies; war; coronavirus; covid-19; commodities; stocks; agriculture; markets; trade; coronavirinae; russia; food security; ukraine; planting; conflicts; coronavirus disease; prices; climate change (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://hdl.handle.net/10568/140091

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifpric:9780896294394_09

Access Statistics for this chapter

More chapters in IFPRI book chapters from International Food Policy Research Institute (IFPRI) Contact information at EDIRC.
Bibliographic data for series maintained by ().