Among the most critical is the food price crisis, calling into question the affordability and availability of wheat and other essential staples.
There is no downplaying the blow that the war has dealt to food systems, already fragile from two years of COVID-19 disruptions, climate extremes, currency devaluations, and worsening fiscal constraints. Global and domestic food prices were already close to all-time highs before the war, and a large question mark looms over the next seasons’ harvests worldwide due to the sharp increase in fertilizer prices as well., not only wheat but barley, maize, and edible oil among others exported by these two countries.
“Whether we succeed in managing food price volatility and navigating our way out of this new crisis depends on national policies and global cooperation.”
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