Ukraine one year later: Impacts on global food security

When Russian troops invaded Ukraine one year ago, the war appeared to pose a grave threat to global food security. The conflict could hardly have come at a worse moment. Even prior to the war, global supplies of key staples were tight; ending stocks of wheat, maize, and soybeans were at their lowest...

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Autor principal: Glauber, Joseph W.
Formato: Capítulo de libro
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2023
Materias:
Acceso en línea:https://hdl.handle.net/10568/140127
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author Glauber, Joseph W.
author_browse Glauber, Joseph W.
author_facet Glauber, Joseph W.
author_sort Glauber, Joseph W.
collection Repository of Agricultural Research Outputs (CGSpace)
description When Russian troops invaded Ukraine one year ago, the war appeared to pose a grave threat to global food security. The conflict could hardly have come at a worse moment. Even prior to the war, global supplies of key staples were tight; ending stocks of wheat, maize, and soybeans were at their lowest levels for many years and prices were high compared to 2020 levels — lingering effects of the COVID-19 pandemic. The outbreak of war between two of the world’s key agricultural producers jeopardized more than a third of world wheat trade, 17% of world maize trade, and almost 75% of world sunflower oil trade. Within a week of the invasion, prices of wheat futures had jumped almost 60%, while corn and soybean prices were up over 15% (Figure 1). Ukraine found its Black Sea ports effectively blockaded, sharply limiting its ability to export its 2021 crops, and the planting and harvest of its 2022 crops disrupted. The world faced the possibility of another food price crisis with potentially devastating consequences, following on the heels of the pandemic’s global economic disruptions.
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spelling CGSpace1401272025-11-06T04:07:58Z Ukraine one year later: Impacts on global food security Glauber, Joseph W. exports shock policies war coronavirus covid-19 maize stocks soybeans agriculture markets trade coronavirinae food security conflicts coronavirus disease wheat prices climate change When Russian troops invaded Ukraine one year ago, the war appeared to pose a grave threat to global food security. The conflict could hardly have come at a worse moment. Even prior to the war, global supplies of key staples were tight; ending stocks of wheat, maize, and soybeans were at their lowest levels for many years and prices were high compared to 2020 levels — lingering effects of the COVID-19 pandemic. The outbreak of war between two of the world’s key agricultural producers jeopardized more than a third of world wheat trade, 17% of world maize trade, and almost 75% of world sunflower oil trade. Within a week of the invasion, prices of wheat futures had jumped almost 60%, while corn and soybean prices were up over 15% (Figure 1). Ukraine found its Black Sea ports effectively blockaded, sharply limiting its ability to export its 2021 crops, and the planting and harvest of its 2022 crops disrupted. The world faced the possibility of another food price crisis with potentially devastating consequences, following on the heels of the pandemic’s global economic disruptions. 2023-07-11 2024-03-14T12:08:57Z 2024-03-14T12:08:57Z Book Chapter https://hdl.handle.net/10568/140127 en https://doi.org/10.2499/9780896294394 https://www.ifpri.org/blog/ukraine-one-year-later-impacts-global-food-security Open Access application/pdf International Food Policy Research Institute Glauber, Joseph W. 2023. Ukraine one year later: Impacts on global food security. In The Russia-Ukraine Conflict and Global Food Security, eds. Joseph Glauber and David Laborde Debucquet. Section One: A Conflict with Global Consequences, Chapter 11, Pp. 57-61. https://doi.org/10.2499/9780896294394_11.
spellingShingle exports
shock
policies
war
coronavirus
covid-19
maize
stocks
soybeans
agriculture
markets
trade
coronavirinae
food security
conflicts
coronavirus disease
wheat
prices
climate change
Glauber, Joseph W.
Ukraine one year later: Impacts on global food security
title Ukraine one year later: Impacts on global food security
title_full Ukraine one year later: Impacts on global food security
title_fullStr Ukraine one year later: Impacts on global food security
title_full_unstemmed Ukraine one year later: Impacts on global food security
title_short Ukraine one year later: Impacts on global food security
title_sort ukraine one year later impacts on global food security
topic exports
shock
policies
war
coronavirus
covid-19
maize
stocks
soybeans
agriculture
markets
trade
coronavirinae
food security
conflicts
coronavirus disease
wheat
prices
climate change
url https://hdl.handle.net/10568/140127
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