The Wall Street Journal published an article stating that both Ukraine and Russia are top grain exporters and supply disruption is only part of the war’s impact on food. Country-specific dynamics will affect how they are able to handle the loss of a critical source of wheat imports, according to senior research fellow David Laborde. Egypt’s relatively diversified food basket and its strategic wheat reserves can help it cope in the near term, while a more economically vulnerable country such as Yemen is likely to struggle to make up the imports gap. Global food prices were rising before Russia’s invasion of Ukraine. The conflict sent shockwaves through a system already challenged by disruptions in production and supply chains that were caused by the pandemic, among other factors. “Normally our food systems are very resilient, and certainly more resilient today than they were 40 years ago. It’s really when we have a succession of problems that we start to suffer.”
Russia-Ukraine war adds pressure to already high food prices, threatening food security for millions (Wall Street Journal)
March 19, 2022