No end in sight yet for the global food price crisis

From
International Food Policy Research Institute (IFPRI)
Published on
27.09.22
Impact Area
Food security

No end in sight yet for the global food price crisis

by Joseph Glauber, Manuel Hernández, David Laborde, Will Martin, Brendan Rice, Rob Vos

Open Access | CC-BY-4.0

After the sharp rise in international prices of wheat and other staple foods in the wake of Russia’s February invasion of Ukraine, since May prices have fallen back to pre-war levels. Has the global food price crisis now come to an end? Unfortunately, such a conclusion is premature. Domestic food prices for consumers continue to rise in most countries. Meanwhile, ongoing uncertainties—not the least of which is the continuing war—augur for continued turmoil in global food markets. Global food security remains at high risk; hundreds of millions of people already face acute food insecurity and their numbers rising, according to the Global Report on Food Crises. In this blog post, we try to disentangle the main factors in play.

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