The Russia-Ukraine war is exacerbating international food price volatility

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dc.creatorRice, Brendan
dc.creatorHernandez, Manuel A.
dc.creatorGlauber, Joseph W.
dc.creatorVos, Rob
dc.date2023-07-11
dc.date2024-03-14T12:08:57Z
dc.date2024-03-14T12:08:57Z
dc.date.accessioned2026-06-27T15:12:06Z
dc.descriptionThe IFPRI Food Security Portal’s Excessive Food Price Variability Early Warning System is showing excessive levels of price volatility in the four major food commodities: wheat, maize, rice, and soybeans, as well as cotton. Markets for hard and soft wheat and soybeans had already been more volatile than normal since late 2021, well ahead of Russia’s invasion in Ukraine, which began on February 24, 2022. That conflict, coming on top of the ongoing effects of the COVID-19 pandemic, has already contributed to spiking food prices, with possible major consequences for global food security. Rising price volatility poses a distinct threat, as it induces greater market uncertainty, which affects production decisions, and can spur speculative behavior. Both would fan further food price inflation. What is driving the current price volatility, and what are its implications for markets and food security?
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/140123
dc.identifier.urihttp://hdl.handle.net/123456789/97528
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.relationhttps://doi.org/10.2499/9780896294394
dc.relationhttps://www.ifpri.org/blog/russia-ukraine-war-exacerbating-international-food-price-volatility
dc.rightsOpen Access
dc.sourceRice, Brendan; Hernandez, Manuel A.; Glauber, Joseph W.; and Vos, Rob. 2023. The Russia-Ukraine war is exacerbating international food price volatility. In The Russia-Ukraine Conflict and Global Food Security, eds. Joseph Glauber and David Laborde Debucquet. Section One: A Conflict with Global Consequences, Chapter 4, Pp. 24-26. https://doi.org/10.2499/9780896294394_04.
dc.subjectshock
dc.subjectpolicies
dc.subjectwar
dc.subjectcoronavirus
dc.subjectcovid-19
dc.subjectcommodities
dc.subjectcotton
dc.subjectrice
dc.subjectmaize
dc.subjectinflation
dc.subjectsoybeans
dc.subjectagriculture
dc.subjectmarkets
dc.subjecttrade
dc.subjectcoronavirinae
dc.subjectfood security
dc.subjectprice volatility
dc.subjectconflicts
dc.subjectcoronavirus disease
dc.subjectwheat
dc.subjectprices
dc.subjectclimate change
dc.titleThe Russia-Ukraine war is exacerbating international food price volatility
dc.typeBook Chapter

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)