Countries are limiting food exports. It may make global hunger worse. (Vox)
Vox published an article on how trade is vital to mitigating the global food crisis, however, many countries are employing export restrictions. Senior research fellow David Laborde says export restrictions are easy to implement because they don’t cost money, and it “sends a strong policy message of, ‘we protect you and keep the food at home,’” Laborde runs IFPRI’s Food and Fertilizer Export Restrictions Tracker. He said, “The reality is keeping food at home doesn’t mean it ends in the plate of the people who need it.” India has presently placed export bans on their country’s trade. The stringency of India’s restrictions will determine how much they ultimately affect global food prices. India says the strict bans are temporary. Laborde states, ““For me the India ban is much more a communication problem and bad example than something that will traumatize markets.” Laborde noted that Argentina, another major global wheat supplier, would be the next to watch given its history of export restrictions.