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FSP Launches New Courses on Economic Modeling
The Food Security Portal E-learning Platform has launched two new courses: “General Equilibrium Models – an Introduction” and “Advanced General Equilibrium Models.”
Led by IFPRI Senior Researcher Antoine Bouet, these courses will introduce participants to computable general equilibrium (CGE) modeling, a powerful tool for analyzing a wide range of food policy issues at both the country and the global level.
Regional war, global consequences: Mounting damages to Ukraine’s agriculture and growing challenges for global food security
Russia’s all-out war on Ukraine has inflicted devastating impacts that continue to mount more than a year after the invasion. As of September 2022, even before Russia’s winter bombing campaign, the total damage to Ukraine’s infrastructure was an estimated $127 billion, equal to 64% of the country’s 2021 GDP. More than 14 million Ukrainians have left their homes, including more than 8 million refugees.
Price Insulation And Global Wheat Markets
The real global price of food surged in 2022, reaching well above the previous peak seen in the 2011 food price crisis. While prices declined somewhat in July 2022, they remain alarmingly high, and some countries have enacted policies, such as export bans, to try to rein in prices on their domestic markets.
Assessing tight global wheat stocks and their role in price volatility
The Russia-Ukraine war has caused significant price volatility in agricultural markets over the past year—for wheat, in particular, price levels and price volatility reached the highest levels since the 2007/08 marketing year. Both have fallen back to pre-war levels over the past six months, but volatility remains high relative to historical levels (Figure 1), indicating that significant market uncertainty remains, creating ongoing vulnerability for global food security.
The Russia-Ukraine war after a year: Impacts on fertilizer production, prices, and trade flows
Russia’s 2022 invasion of Ukraine triggered global disruptions in markets for key food crops and fertilizers, threatening food security worldwide. With the war now entering its second year, high international food prices have moderated, though domestic price levels remain high in many low- and mid-income countries. Here, we turn to global fertilizer markets, examining how they weathered the past year and the likely impacts going forward for agricultural production and food security.