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When Russian troops invaded Ukraine one year ago, the war appeared to pose a grave threat to global food security.

In the weeks following Russia's invasion of Ukraine in late February 2022, several countries imposed export restrictions—including licensing requirements, taxes, and some outright bans—on a variety of feed and food products. These measures helped to fuel war-related disruptions in global markets and contributed to higher prices and increased price volatility.

The economies of the Southern Cone (Argentina, Brazil, Chile, Paraguay, and Uruguay), major agricultural exporters still recovering from the negative impacts of the COVID-19 pandemic, have benefited from the rise in international prices accompanying the Russian invasion of Ukraine. With the war disrupting global supplies, the net exporting countries of the region have the opportunity to increase their exports.

Over the past two years, the impacts of ongoing regional conflicts, climate change, the COVID-19 pandemic, and the Russian-Ukraine war have drastically weakened the world’s already inadequate, unsustainable food systems. This confluence of factors has induced in supply chain disruptions and high and volatile prices for food, fertilizer, and fuel, and the result has been the third global food crisis in less than two decades.

For the fourth consecutive year, global acute food insecurity rose in 2022. As many as 205.1 million people across 45 countries and territories are in IPC Phase 3 (Crisis) or higher food insecurity as of September 2022, according to the Global Report on Food Crisis Mid-Year Update. That represents an increase of 29.5 million people from 2021.