The Russia-Ukraine war is exacerbating international food price volatility
- From
-
Published on
30.03.22
- Impact Area
The IFPRI Food Security Portal’s Excessive Food Price Variability Early Warning System is showing excessive levels of price volatility in the four major food commodities: Wheat, maize, rice, and soybeans, as well as for cotton. Markets for hard and soft wheat and soybeans had already been more volatile than normal since late 2021, well ahead of Russia’s invasion in Ukraine, which began on Feb. 24. That conflict, coming on top of the ongoing effects of the COVID-19 pandemic, has already contributed to spiking food prices, with possible major consequences for global food security.
Rising price volatility poses a distinct threat, as it induces greater market uncertainty, which affects production decisions, and can spur speculative behavior. Both would fan further food price inflation. What is driving the current price volatility, and what are its implications for markets and food security?
Related news
-
SOILutions for Security: CGIAR at the 2025 Borlaug Dialogue
Multifunctional Landscapes Science Program22.10.25-
Biodiversity
-
Environmental health
-
Environmental health & biodiversity
-
Food security
-
Nutrition
From October 21–23, CGIAR will join global partners in Des Moines, Iowa for the 2025…
Read more -
-
Nigeria Commits to Boosting Soil Health for Food Security
Sehlule Muzata20.10.25-
Climate adaptation & mitigation
-
Food security
Nigeria, Africa’s fourth-largest economy and a key food producer, is launching the Presidential So…
Read more -
-
Infinite Leadership and Market Intelligence in CGIAR Breeding
CGIAR Initiative on Market Intelligence20.10.25-
Food security
Matty Demont (IRRI), Berber Kramer (IFPRI), Robert Andrade (Alliance Bioversity-CIAT), Melanie Conno…
Read more -