The Russia-Ukraine war is exacerbating international food price volatility
The IFPRI Food Security Portal’s Excessive Food Price Variability Early Warning System is showing excessive levels of price volatility in the four major food commodities: wheat, maize, rice, and soybeans, as well as cotton. Markets for hard and soft wheat and soybeans had already been more volatile...
| Main Authors: | , , , |
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| Format: | Book Chapter |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2023
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/140123 |
| _version_ | 1855523031584079872 |
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| author | Rice, Brendan Hernandez, Manuel A. Glauber, Joseph W. Vos, Rob |
| author_browse | Glauber, Joseph W. Hernandez, Manuel A. Rice, Brendan Vos, Rob |
| author_facet | Rice, Brendan Hernandez, Manuel A. Glauber, Joseph W. Vos, Rob |
| author_sort | Rice, Brendan |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The IFPRI Food Security Portal’s Excessive Food Price Variability Early Warning System is showing excessive levels of price volatility in the four major food commodities: wheat, maize, rice, and soybeans, as well as cotton. Markets for hard and soft wheat and soybeans had already been more volatile than normal since late 2021, well ahead of Russia’s invasion in Ukraine, which began on February 24, 2022. That conflict, coming on top of the ongoing effects of the COVID-19 pandemic, has already contributed to spiking food prices, with possible major consequences for global food security. Rising price volatility poses a distinct threat, as it induces greater market uncertainty, which affects production decisions, and can spur speculative behavior. Both would fan further food price inflation. What is driving the current price volatility, and what are its implications for markets and food security? |
| format | Book Chapter |
| id | CGSpace140123 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1401232025-11-06T03:59:05Z The Russia-Ukraine war is exacerbating international food price volatility Rice, Brendan Hernandez, Manuel A. Glauber, Joseph W. Vos, Rob shock policies war coronavirus covid-19 commodities cotton rice maize inflation soybeans agriculture markets trade coronavirinae food security price volatility conflicts coronavirus disease wheat prices climate change The IFPRI Food Security Portal’s Excessive Food Price Variability Early Warning System is showing excessive levels of price volatility in the four major food commodities: wheat, maize, rice, and soybeans, as well as cotton. Markets for hard and soft wheat and soybeans had already been more volatile than normal since late 2021, well ahead of Russia’s invasion in Ukraine, which began on February 24, 2022. That conflict, coming on top of the ongoing effects of the COVID-19 pandemic, has already contributed to spiking food prices, with possible major consequences for global food security. Rising price volatility poses a distinct threat, as it induces greater market uncertainty, which affects production decisions, and can spur speculative behavior. Both would fan further food price inflation. What is driving the current price volatility, and what are its implications for markets and food security? 2023-07-11 2024-03-14T12:08:57Z 2024-03-14T12:08:57Z Book Chapter https://hdl.handle.net/10568/140123 en https://doi.org/10.2499/9780896294394 https://www.ifpri.org/blog/russia-ukraine-war-exacerbating-international-food-price-volatility Open Access application/pdf International Food Policy Research Institute Rice, Brendan; Hernandez, Manuel A.; Glauber, Joseph W.; and Vos, Rob. 2023. The Russia-Ukraine war is exacerbating international food price volatility. In The Russia-Ukraine Conflict and Global Food Security, eds. Joseph Glauber and David Laborde Debucquet. Section One: A Conflict with Global Consequences, Chapter 4, Pp. 24-26. https://doi.org/10.2499/9780896294394_04. |
| spellingShingle | shock policies war coronavirus covid-19 commodities cotton rice maize inflation soybeans agriculture markets trade coronavirinae food security price volatility conflicts coronavirus disease wheat prices climate change Rice, Brendan Hernandez, Manuel A. Glauber, Joseph W. Vos, Rob The Russia-Ukraine war is exacerbating international food price volatility |
| title | The Russia-Ukraine war is exacerbating international food price volatility |
| title_full | The Russia-Ukraine war is exacerbating international food price volatility |
| title_fullStr | The Russia-Ukraine war is exacerbating international food price volatility |
| title_full_unstemmed | The Russia-Ukraine war is exacerbating international food price volatility |
| title_short | The Russia-Ukraine war is exacerbating international food price volatility |
| title_sort | russia ukraine war is exacerbating international food price volatility |
| topic | shock policies war coronavirus covid-19 commodities cotton rice maize inflation soybeans agriculture markets trade coronavirinae food security price volatility conflicts coronavirus disease wheat prices climate change |
| url | https://hdl.handle.net/10568/140123 |
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