War in Ukraine is making food too expensive for many in poor countries
Soaring food prices are triggering shortages and protests across the developing world as disruption from the Ukraine war adds toIndia on Saturday invoked a rare ban on wheat exports to help tame domestic prices, a move likely to exacerbate global strains. The country is the world’s second-largest wheat grower, behind China. Late last month, Indonesia halted theRising prices helped stoke the violent unrest that led to theearlier this week and have fanned more peaceful protests in the Middle East.
The executive director of the World Food Program, David Beasley, told a conference in New York that Ukrainian ports must reopen before the harvesting season, which begins in earnest in mid-June, to prevent shortages next year. Some 300 million people could face “crisis levels of acute food insecurity in the coming months,” he said earlier in written U.S. Senate testimony.
”I have never seen a situation where people see so very clearly geopolitics’ impact” on food supplies, he said.What might be the ripple effects of food insecurity? Are Western nations doing enough to help? Join the conversation below. The USDA in a forecast on Thursday said it expects world wheat stockpiles in the 2022-23 season to fall 5% to 267 million tons from the season before, marking a six-year low.
The sunflower—normally seen as a symbol of hope and peace in Ukraine—has come to represent surging food inflation since Russia’s invasion began. WSJ’s Shelby Holliday explains why a global shortage of sunflower oil is sending prices of cooking oil to record highs. Photo: Alexander Ryumin/Zuma Press
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