The impact of the Russia-Ukraine conflict could prompt mass hunger across the world, according to a report
The global food system, already weakened by pandemic-related shocks and the energy crisis, is expected to be severely impacted by the conflict in Ukraine and Western sanctions against Moscow, The Economist reports.
“Ukraine’s exports of grain and oilseeds have mostly stopped and Russia’s are threatened,” the report states.
According to the magazine, the two nations supply 12% of “traded calories.”
Earlier this week, wheat prices – up 53% since the start of 2022 – reportedly soared by further 6% shortly after India prohibited all exports of the vital food commodity with immediate effect because of an alarming heatwave.
In the 2021-2022 season, which began in July last year, Russian suppliers accounted for 16% of global wheat exports, and Ukrainian producers accounted for 10%. However, the conflict forced both nations to ban…
