Blog Category

Food Prices

Rising commodities prices driven by the Russia-Ukraine crisis threaten to undermine Kenya’s economy, increase poverty

Jun 13th, 2022 • by CLEMENS BREISINGER , XINSHEN DIAO, PAUL DOROSH, JUNEWEENEX MBUTHIA, LENSA OMUNE, EDWIN OMBUI OSEKO, ANGGA PRADESHA AND JAMES THURLOW

Much of the early attention on the Russian-Ukraine conflict’s food security impacts has been concentrated on countries highly dependent on wheat imports from the Black Sea region. Given the important role that wheat products play in the diets of people in Egypt, Sudan, Yemen, Lebanon, and other countries, the interruption in Black Sea wheat trade and high prices have raised serious concerns about rising levels of food insecurity, poverty, and instability around the world.

The Russia-Ukraine crisis presents threats to Nigeria’s food security, but potential opportunities for the fertilizer, energy sectors

Jun 12th, 2022 • by BEDRU BALANA, KWAW ANDAM, MULUBRHAN AMARE, DOLAPO ADEYANJU AND DAVID LABORDE

The current rise in global market prices for major food commodities almost mirrors that of the 2008 food crisis, presenting a worldwide threat to food security. The situation is particularly severe in Africa, where the COVID-19 pandemic and now the Russia-Ukraine crisis have exposed the vulnerability of food systems to major shocks, particularly in countries like Nigeria that rely heavily on imports of major staple foods such as rice and wheat.

Urgent Call for Global Action as Food Prices Continue to Rise

Apr 17th, 2022 • by S. Gustafson

Last week, the heads of the World Bank Group, International Monetary Fund, United Nations World Food Program, and World Trade Organization issued a joint statement calling for urgent global action on food security in response to skyrocketing global food prices.