Summary: Number munching (Devex Dish)
- Impact Area
As part of a summary of significant discussions in agriculture and related topics, Devex Dish wrote that the share of exports affected by restrictions has fallen by 50 percent since May 2022. A new analysis from the International Food Policy Research Institute shows that the impact of food export restrictions imposed after the Russian invasion of Ukraine “appears to be less consequential than many anticipated.” It also finds that global food price declines cannot solely be attributed to the removal of such measures.
But still, prices are expected to remain volatile, the analysis finds, as the war shows no sign of ceasing and drought in South America persists.
In a separate IFPRI analysis also released last week, researchers found that although food price inflation has moderated somewhat, there are still eight major concerns for global food security. The World Bank’s latest food security update found that from September to December 2022, 83.3 percent of low-income countries, 90.5 percent of lower-middle-income countries, and 91 percent of upper-middle-income countries suffered from inflation above 5 percent.