News Overview

by Danielle Resnick, Rob Vos and Will Martin OPEN ACCESS | CC-BY-4.0 This post first appeared on the Brookings Institution Future Development blog. Agricultural support policies provide over $800 billion per year in transfers worldwide. Such policies encompass a broad range of government instruments to support the agriculture sector, which are typically funded from taxpayers and consumers. These include “coupled” subsidies intended to incentivize

“The World Bank in recent data shows that the domestic food price inflation in almost all low-and middle-income countries remains high across the world between October 2022 and February 2023,” writes the Business Insider (Bangladesh). The report mentions that “one year after Russia’s invasion of Ukraine, the International Food Policy Research Institute (IFPRI) reviewed experiences of the past year and remaining uncertainties

“Diplomats are racing against time to negotiate a full extension of the Black Sea Grain Initiative before it expires on Saturday, a major test for the rare wartime agreement that helped stabilize global food prices after Russia’s invasion of Ukraine,” writes Foreign Policy. “When it comes to extending the deal, “the longer the better,” said Joseph Glauber, a senior research fellow at the

by Derek Headey and Elisa Maffioli OPEN ACCESS | CC-BY-4.0 Myanmar—its economy, society, and political system—finds itself in tragic circumstances, with deep, prolonged, and multifaceted hardships falling upon its people. During the 2010s, the country made substantial progress addressing some of its longstanding problems. Poverty and malnutrition were still widespread (in 2015-16, one third of preschool children were stunted and

The international agreement that allows Ukraine to export wheat, corn, sunflower oil and other agricultural products across the globe is set to expire on March 18. The World spoke with Joseph Glauber, IFPRI senior research fellow, for a new podcast episode about how the deal has affected global grain prices, and what issues Ukraine, Russia, Turkey and the United Nations will be negotiating in

Reuters reported on the effects of the war in Ukraine on global grain supplies. Joseph Glauber, a senior research fellow at the International Food Policy Research Institute was quoted in the article, saying, “Luck has played some role in events … the combination of good weather (in some breadbasket areas) and strong producer supply response has kept market prices from rebounding back to

by Joseph Glauber OPEN ACCESS | CC-BY-4.0 The Russia-Ukraine war has caused significant price volatility in agricultural markets over the past year—for wheat, in particular, price levels and price volatility reached the highest levels since the 2007/08 marketing year. Both have fallen back to pre-war levels over the past six months, but volatility remains high relative to historical levels (Figure

In a report on food security across the world since the outbreak of the Russia-Ukraine war,  East Asia Forum (Australia) writes that “major food supply chains, especially for wheat, corn, and vegetable oils, were disrupted overnight. The spike in food prices came on top of record-high prices caused by food supply chain disruptions stemming from the COVID-19 pandemic. The early prospects were for