Mirage published an article stating that record-high global food prices, rising energy and fertilizer costs, and the Russian invasion of Ukraine have led some countries to introduce food export restrictions. As of 15 May 2022, IFPRI has recorded 23 countries with active export restrictions on food and fertilizer products. Uncertainty in global food markets is likely to see more food export restrictions introduced in 2022 (IFPRI 2022). This may reduce the supply of some commodities available for trade. It will also place upward pressure on global food prices.
Insight – High food prices drive rise in export restrictions (Mirage)
May 19, 2022