Vegetable oil prices soar, far outstripping other food inflation (Washington Post) Washington Post published an article on how the war in Ukraine, drought, and competition with biofuels have put the squeeze on food oils. According to IFPRI (see the blog post, The impact of the Ukraine crisis on the global vegetable oil market), the rising cost of cooking oil. Extreme weather and the war
By Kris A.G. Wyckhuys Given that agriculture is a major contributor to climate change, measuring greenhouse gas (GHG) emissions from various agricultural sources is important to track sustainability commitments and develop mitigation strategies. Several analyses have focused on the carbon footprints of nitrogen fertilizers, but relatively few assess synthetic pesticides—drivers of biodiversity loss that are often applied excessively and inefficiently.
MAHN TUN LYNN says he has thought of little but food since Myanmar’s armed forces mounted their brutal coup in February last year. First, from Yangon, the commercial capital, he used his skills from years running an import-export business to get staples to the resistance groups springing up around the country. When, late last year, hunger began to gnaw
High food prices and supply disruptions triggered by the Ukraine war are hitting Middle Eastern and North African (MENA) countries like Egypt, Sudan, and Yemen hard partly due their heavy dependence on wheat imports. But in the region, Lebanon—already in the midst of one of the world’s worst economic collapses since the 1850s—is uniquely vulnerable to food security impacts from the Russia-Ukraine conflict. A
Russia’s invasion of Ukraine has caused a ripple effect across the world, worsening the global food crisis. Since Feb. 24, the war has caused a disturbance to the world’s supply chains by driving up the cost of fuel and creating a scarcity of grains and fertilizer. “2022 is likely to be the worst year from a food crisis and global
The war in Ukraine was barely a month old when Augusto Bassanini, chief executive of United Grain Corp., received an unusual signal from the global wheat market. The Washington-based grain exporter, owned by Japanese trading company Mitsui & Co., normally routes its products across the Pacific Ocean to Asia. In March, though, an Egyptian importer that hadn’t done business
The war in Ukraine has pushed prices of agricultural products to historically high levels, and concerns about global food security occupy headlines and world leaders’ minds, as demonstrated by recent IMF and World Bank meetings. So far, much of the attention has focused on grains, particularly wheat—because of its importance in diets, and the predicament of countries where wheat accounts for
WASHINGTON, D.C. — Grain and input prices were high even before the Russian invasion of Ukraine, but the uncertainty it adds will likely keep prices high until at least the summer of 2023, and it may be 2024 until they go to pre-invasion levels, a prominent agricultural economist and trade expert says. “Here we are again,” said Joe Glauber,