Event

2022–2023 food crises

global food price increase and shortage instigated by Russian invasion of Ukraine

Wikipedia

During 2022 and 2023 there were food crises in several regions as indicated by rising food prices. In 2022, the world experienced significant food price inflation along with major food shortages in several regions. Sub-Saharan Africa, Iran, Sri Lanka, Sudan and Iraq were most affected. Prices of wheat, maize, oil seeds, bread, pasta, flour, cooking oil, sugar, eggs, chickpeas and meat increased. Many factors contributed to the world food crisis. These include supply chain disruptions due to the COVID-19 pandemic, the Global energy crisis (2021–2023), the Russian invasion of Ukraine, and floods and heatwaves during 2021 (which destroyed key American and European crops). Droughts were also a factor; in early 2022, some areas of Spain and Portugal lost 60–80% of their crops due to widespread drought.

Even before the Russian invasion of Ukraine, food prices were already at a record high. 82 million East Africans and 42 million West Africans faced acute food insecurity in 2021. By the end of 2022, more than 8 million Somalis were in need of food assistance. In February 2022, the Food and Agriculture Organization (FAO) reported a 20% rise in food prices since February 2021. The war further pushed this increase to 40% in March 2022 but was reduced to 18% by January 2023. But the FAO warned that inflation of food prices would continue in many countries.

Increased fuel and transport prices have made food distribution worse and more complex. Before the Russian invasion, Ukraine was the fourth-largest exporter of maize and wheat. Since then, the Russian invasion crippled supplies. This resulted in inflation and scarcity of these commodities in dependent countries. Global food reserves have also decreased due to the effects of climate change on agriculture.

This caused food riots and famine in different countries. Furthermore, China acquired 51% of the world supply of wheat, 60% of rice, and 69% of maize stockpiles in the first half of 2022. The United States increased its farm production by April 2022, also contributing $215 million in development assistance plus $320 million for the Horn of Africa. A grain agreement was signed by Russia, Ukraine, Turkey and the United Nations to open Ukrainian ports. This resulted in grain shipment by 27 vessels from Ukraine between June and August 2022 which stalled in October and then resumed in November 2022. In addition, the World Bank announced a new $12 billion fund to address the food crises.

The World Economic Forum's Global Risks Report 2023 described food supply crises as a global risk. The Russian invasion of Ukraine and crop failures from climate change worsened worldwide hunger and malnutrition. Even Global North countries known for stable food supplies were impacted. Analysts described this food inflation as the worst since the 2007–2008 world food price crisis. However, in early 2024, the FAO reported a return to more moderate commodities market prices. Moreover, the World Economic Forum's 2024 Global Risks Report showed significantly less concern from experts but the report still highlighted a risk of the Gaza war and the return of El Niño. Both of these events could disrupt supply chains again.

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Text from the Wikipedia article “2022–2023 food crises”, available under CC BY-SA 4.0.

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