Four paths to respond to the food price crisis

As the devastating war in Ukraine rages on causing untold suffering, its impact is being feltroti_hero far beyond its borders, battering a world emerging from a pandemic that has hit developing countries hardest.  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. Because Ukraine and Russia account for over a quarter of the world’s annual wheat sales, the war has led to a significant rise in the price of food , not only wheat but barley, maize, and edible oil among others exported by these two countries. 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.

“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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Financing SDG2: Hunger and malnutrition- what will it take?

One year into the COVID-19 pandemic, the health crisis has triggered an economic crisis and a protracted rise in food insecurity.  Basic sustenance has become unaffordable for the world’s poorest, and disruptions of health and nutrition services will have long term consequences. Even before the pandemic, the world was not on track to meet the Sustainable Development Goal 2 (SDG2) goal of Zero Hunger.

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