How Russia’s invasion of Ukraine is affecting global agricultural markets
The war in Ukraine has roiled commodity markets and raised concerns about global food security. Ongoing fallout from the COVID-19 pandemic and other factors had already driven up food prices before Russia’s invasion.1 Poor harvests in South America, strong global demand, and supply-chain issues redu...
| Autores principales: | , |
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| Formato: | Informe técnico |
| Lenguaje: | Inglés |
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American Enterprise Institute
2022
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/140839 |
| _version_ | 1855521315846356992 |
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| author | Glauber, Joseph W. Laborde Debucquet, David |
| author_browse | Glauber, Joseph W. Laborde Debucquet, David |
| author_facet | Glauber, Joseph W. Laborde Debucquet, David |
| author_sort | Glauber, Joseph W. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The war in Ukraine has roiled commodity markets and raised concerns about global food security. Ongoing fallout from the COVID-19 pandemic and other factors had already driven up food prices before Russia’s invasion.1 Poor harvests in South America, strong global demand, and supply-chain issues reduced grain and oilseed inventories, driving prices to their highest levels since 2011–13.2 Vegetable oil prices have also been at record levels, reflecting a short South American soybean crop, reduced palm oil supplies due to harvest problems in Malaysia, and sharply increased use of palm and soybean oil for biodiesel production. Prices of key energy-intensive inputs such as fuel, fertilizer, and pesticides have also been at near-record levels. Russia’s invasion of Ukraine will further disrupt global markets, hurt global grain supplies in the short term, and, by disrupting natural gas and fertilizer markets, negatively affect producers as they enter a new planting season. This could further increase already high food prices and have serious consequences for low-income net food–importing countries, many of which have seen an increase in malnourishment rates3 over the past few years in the face of pandemic disruptions. |
| format | Informe técnico |
| id | CGSpace140839 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | American Enterprise Institute |
| publisherStr | American Enterprise Institute |
| record_format | dspace |
| spelling | CGSpace1408392024-10-25T07:55:18Z How Russia’s invasion of Ukraine is affecting global agricultural markets Glauber, Joseph W. Laborde Debucquet, David shock maize soybeans agriculture markets sunflower oil food prices wheat prices agricultural trade The war in Ukraine has roiled commodity markets and raised concerns about global food security. Ongoing fallout from the COVID-19 pandemic and other factors had already driven up food prices before Russia’s invasion.1 Poor harvests in South America, strong global demand, and supply-chain issues reduced grain and oilseed inventories, driving prices to their highest levels since 2011–13.2 Vegetable oil prices have also been at record levels, reflecting a short South American soybean crop, reduced palm oil supplies due to harvest problems in Malaysia, and sharply increased use of palm and soybean oil for biodiesel production. Prices of key energy-intensive inputs such as fuel, fertilizer, and pesticides have also been at near-record levels. Russia’s invasion of Ukraine will further disrupt global markets, hurt global grain supplies in the short term, and, by disrupting natural gas and fertilizer markets, negatively affect producers as they enter a new planting season. This could further increase already high food prices and have serious consequences for low-income net food–importing countries, many of which have seen an increase in malnourishment rates3 over the past few years in the face of pandemic disruptions. 2022-05-04 2024-04-12T13:36:44Z 2024-04-12T13:36:44Z Report https://hdl.handle.net/10568/140839 en Open Access American Enterprise Institute Glauber, Joseph W.; and Laborde Debucquet, David. 2022. How Russia’s invasion of Ukraine is affecting global agricultural markets. Washington, DC: American Enterprise Institute (AEI). https://www.aei.org/research-products/report/how-russias-invasion-of-ukraine-is-affecting-global-agricultural-markets/ |
| spellingShingle | shock maize soybeans agriculture markets sunflower oil food prices wheat prices agricultural trade Glauber, Joseph W. Laborde Debucquet, David How Russia’s invasion of Ukraine is affecting global agricultural markets |
| title | How Russia’s invasion of Ukraine is affecting global agricultural markets |
| title_full | How Russia’s invasion of Ukraine is affecting global agricultural markets |
| title_fullStr | How Russia’s invasion of Ukraine is affecting global agricultural markets |
| title_full_unstemmed | How Russia’s invasion of Ukraine is affecting global agricultural markets |
| title_short | How Russia’s invasion of Ukraine is affecting global agricultural markets |
| title_sort | how russia s invasion of ukraine is affecting global agricultural markets |
| topic | shock maize soybeans agriculture markets sunflower oil food prices wheat prices agricultural trade |
| url | https://hdl.handle.net/10568/140839 |
| work_keys_str_mv | AT glauberjosephw howrussiasinvasionofukraineisaffectingglobalagriculturalmarkets AT labordedebucquetdavid howrussiasinvasionofukraineisaffectingglobalagriculturalmarkets |