The Straits Times published an article that Russia’s war on Ukraine has created a crisis on top of a crisis is the most serious–the global food crisis that is now unfolding across the world. Some of the effects are already apparently locally, in the form of higher prices for groceries and cooked food. IFPRI recommends that trade sanctions on Russia should exempt food and fertilizers (see Fertilizer prices seminars), which account for only about 5 percent of Russia’s export earnings but are vital to the world’s food supply.
Ukraine war sparks global food crisis and nuclear risk (The Straits Times)
April 30, 2022