GZero published an article stating that shortages as a result of Russia’s war in Ukraine have aggravated a pre-existing global food crisis that could push a billion people — most of them in the poorest parts of the world — into starvation. It’s not just one thing: droughts, COVID-induced supply chain snarls, and high energy prices have all gotten us to this point. And it’ll get worse later on if we don’t find ways to future-proof global food systems. Senior research fellow David Laborde predicted that we have already reached peak global food inflation, although prices might rise further at the local level in some countries. He has a very clear message for governments thinking of export bans to address shortages: don’t do it, because in the long run it’ll hurt your farmers too.
Global food crisis: when food isn’t merely expensive (GZero)
July 12, 2022