The impact of the Ukraine crisis on the global vegetable oil market

The war in Ukraine has pushed prices of agricultural products to historically high levels, and concerns about global food security occupy headlines and world leaders’ minds, as demonstrated by recent International Monetary Fund and World Bank meetings. So far, much of the attention has focused on gr...

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Detalles Bibliográficos
Autores principales: Glauber, Joseph W., Laborde Debucquet, David, Mamun, Abdullah
Formato: Capítulo de libro
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2023
Materias:
Acceso en línea:https://hdl.handle.net/10568/140111
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author Glauber, Joseph W.
Laborde Debucquet, David
Mamun, Abdullah
author_browse Glauber, Joseph W.
Laborde Debucquet, David
Mamun, Abdullah
author_facet Glauber, Joseph W.
Laborde Debucquet, David
Mamun, Abdullah
author_sort Glauber, Joseph W.
collection Repository of Agricultural Research Outputs (CGSpace)
description The war in Ukraine has pushed prices of agricultural products to historically high levels, and concerns about global food security occupy headlines and world leaders’ minds, as demonstrated by recent International Monetary Fund and World Bank meetings. So far, much of the attention has focused on grains, particularly wheat — because of its importance in diets, and the predicament of countries where wheat accounts for a large share of calories consumed, is largely imported, and is dominated by supplies from the Black Sea. Here, we focus on another important emerging food security issue: The war’s impact on vegetable oils. The Black Sea countries are large exporters of sunflower oil, and the crisis has pushed vegetable oil prices significantly higher, and also triggered trade policy responses around the world that further restrict supplies and raise prices. This post examines the unfolding impacts on the global market for vegetable oils, including additional factors affecting prices such as biofuel policies and export restrictions in the Black Sea and elsewhere.
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publishDate 2023
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spelling CGSpace1401112025-11-06T04:12:47Z The impact of the Ukraine crisis on the global vegetable oil market Glauber, Joseph W. Laborde Debucquet, David Mamun, Abdullah cereal products shock policies agricultural products war coronavirus covid-19 agriculture markets trade coronavirinae russia black sea region food security ukraine conflicts coronavirus disease prices plant oils climate change The war in Ukraine has pushed prices of agricultural products to historically high levels, and concerns about global food security occupy headlines and world leaders’ minds, as demonstrated by recent International Monetary Fund and World Bank meetings. So far, much of the attention has focused on grains, particularly wheat — because of its importance in diets, and the predicament of countries where wheat accounts for a large share of calories consumed, is largely imported, and is dominated by supplies from the Black Sea. Here, we focus on another important emerging food security issue: The war’s impact on vegetable oils. The Black Sea countries are large exporters of sunflower oil, and the crisis has pushed vegetable oil prices significantly higher, and also triggered trade policy responses around the world that further restrict supplies and raise prices. This post examines the unfolding impacts on the global market for vegetable oils, including additional factors affecting prices such as biofuel policies and export restrictions in the Black Sea and elsewhere. 2023-07-11 2024-03-14T12:08:56Z 2024-03-14T12:08:56Z Book Chapter https://hdl.handle.net/10568/140111 en https://doi.org/10.2499/9780896294394 https://www.ifpri.org/blog/impact-ukraine-crisis-global-vegetable-oil-market Open Access application/pdf International Food Policy Research Institute Glauber, Joseph W.; Laborde Debucquet, David; and Mamun, Abdullah. 2023. The impact of the Ukraine crisis on the global vegetable oil market. In The Russia-Ukraine Conflict and Global Food Security, eds. Joseph Glauber and David Laborde Debucquet. Section One: A Conflict with Global Consequences, Chapter 6, Pp. 33-37. https://doi.org/10.2499/9780896294394_06.
spellingShingle cereal products
shock
policies
agricultural products
war
coronavirus
covid-19
agriculture
markets
trade
coronavirinae
russia
black sea region
food security
ukraine
conflicts
coronavirus disease
prices
plant oils
climate change
Glauber, Joseph W.
Laborde Debucquet, David
Mamun, Abdullah
The impact of the Ukraine crisis on the global vegetable oil market
title The impact of the Ukraine crisis on the global vegetable oil market
title_full The impact of the Ukraine crisis on the global vegetable oil market
title_fullStr The impact of the Ukraine crisis on the global vegetable oil market
title_full_unstemmed The impact of the Ukraine crisis on the global vegetable oil market
title_short The impact of the Ukraine crisis on the global vegetable oil market
title_sort impact of the ukraine crisis on the global vegetable oil market
topic cereal products
shock
policies
agricultural products
war
coronavirus
covid-19
agriculture
markets
trade
coronavirinae
russia
black sea region
food security
ukraine
conflicts
coronavirus disease
prices
plant oils
climate change
url https://hdl.handle.net/10568/140111
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