Food Crisis (2022)
July 3, 2022
The food crisis of 2022 is the rapid rise in prices and shortages of food observed around the world. The worsening crises in various parts of the world have been caused by a combination of geopolitical, economic and natural causes, such as extreme heat, floods and droughts caused by climate change. This crisis continues the food security and economic crises that began during the COVID-19 pandemic. Since the start of Russia's invasion of Ukraine in 2022, the Food and Agriculture Organization of the United Nations, as well as other food watchdogs, have warned of a possible collapse in food supplies and higher prices. Most of the concern is the lack of supply of key commodities such as wheat, corn and oilseeds, which could drive up prices. Back in the fall of 2021, the world began to increase prices for natural gas and nitrogen fertilizers produced from it, which exacerbates food shortages and rising prices. Even before the war in Ukraine, food prices had already reached an all-time high: according to the UN Food and Agriculture Organization, as of February 2022, food prices rose by 20% year-on-year. Military operations in Ukraine have spurred this process, the rise in prices in March reached 40% year on year. The complex challenges that have emerged are expected to reverse global trends in the fight against hunger and malnutrition. Some regions, such as East Africa and Madagascar, have already suffered from drought and famine due to agricultural system failures and climate change, and rising prices are expected to exacerbate the situation. Even countries in the Global North that usually have secure food supplies (eg the UK and the US) are beginning to be directly affected by price increases due to food insecurity. Some analysts described the rise in prices as the most drastic since the global food price crisis of 2007-2008.