The trade fallout of the Russia-Ukraine conflict would be devastating for the world’s poor for whom inflation has put even the most basic foods beyond reach.
Trade restrictions are breaking supply chains, and coronavirus lockdowns are preventing laborers from working on farms. Countries need to step back and stop panicking.
Food crises and distress migration will continue to plague the African continent in the decades ahead, unless massive investments are made to make the region’s agriculture and food systems more resilient.
The economies of China and India are now overheated and experiencing high overall inflation caused by factors such as excess liquidity. Rising oil prices in recent months, the expansion of biofuel production, particularly maize ethanol, and other factors mentioned above suggest the significant risk of even higher global food prices.