UN Warns Russia's Attack on Ukraine Could Spike Global Food Prices by 22%

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UN Warns Russia's Attack on Ukraine Could Spike Global Food Prices by 22%
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'The war in Ukraine not only has a dramatic impact on the lives of civilians but also has global repercussions.'

"The global number of undernourished people could increase by eight to 13 million people in 2022 and 2023," says a new report by FAO, the global food agency.With dozens of countries around the world relying heavily on both Ukraine and Russia for food supplies, the United Nations warned Friday, the ongoing war is likely to significantly drive up global food prices and worsen malnourishment in the Global South.

Russia also is the top exporter of fertilizer products, with many countries in Europe and Central Asia relying on Russia for more than half of their fertilizer supplies. Lebanon, Tunisia, Yemen, Libya, and Pakistan also source roughly half of their wheat supplies from either Ukraine or Russia. "The global number of undernourished people could increase by eight to 13 million people in 2022 and 2023, with the most pronounced increases taking place in Asia-Pacific, followed by sub-Saharan Africa, and the Near East and North Africa," reported FAO.

FAO offered several policy recommendations in its report Friday, including a call for countries to avoid imposing export restrictions on their own food supplies, as several countries are reportedly considering.

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