From bad to worse: How Russia-Ukraine war-related export restrictions exacerbate global food insecurity

Joseph W. Glauber, David Laborde Debucquet and Abdullah Mamun

Chapter 18 in The Russia-Ukraine conflict and global food security, 2023, pp 92-96 from International Food Policy Research Institute (IFPRI)

Abstract: Global turmoil and supply shocks can increase a country’s vulnerability to food shortages. In the past, countries have often resorted to restrictive trade policies to address food supply disruptions. The Ukraine-Russia crisis is no exception; a number of countries have imposed export restrictions in various forms.; With food prices already high due to COVID-19-related supply chain disruptions and drought-reduced yields in 2021, Russia’s invasion came at a bad time for global food markets. Russia and Ukraine alone account for 12% of total calories traded. As the war continues, there is a growing likelihood that food shortages, particularly of grains and vegetable oils, will become acute, leading more countries to turn to restrictions on trade.

Keywords: shock; policies; war; coronavirus; covid-19; agriculture; markets; trade; coronavirinae; russia; food security; ukraine; conflicts; coronavirus disease; prices; climate change (search for similar items in EconPapers)
Date: 2023
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