Poverty

Since peaking in April 2022, global agricultural food commodity prices have declined by almost 25% as of October 2023, according to the UN Food and Agriculture Organization’s (FAO) food price index (Figure 1). Contributing to the decrease were strong harvests in large food producing countries, steep declines in shipping costs, and more affordable energy and fertilizer prices (Figure 2).

As 2022 came to a close, we attended the GIZ conference “A Year of Multiple Crises: Reflecting the impacts, policy responses and outlook for food security and agriculture in sub-Saharan Africa.” During the event, experts examined the global policy implications of the Russia-Ukraine war regarding food, fuel, and fertilizer, as well as the conflict’s global market disruptions and its particular impacts on African economies.

In February 2022, news of Russia’s invasion of Ukraine dominated headlines around the world. Policymakers everywhere worried about the potential ripple effects of the invasion on the economic recovery from COVID-19, as well as on political stability — and food and nutrition security. These worries proved to be well-founded: International food prices spiked by nearly a third and fertilizer prices tripled. 

Development agencies are pouring in billions of dollars to address the global food crisis exacerbated by Russia’s war on Ukraine. The World Bank, the G7, the European Union’s Team Europe, and the United States have collectively pledged more than $40 billion to avert food and humanitarian crises. Yet this much-needed assistance carries its own risks. Without a gender lens, the proposed measures will fail to meet the specific needs of women and girls and might worsen existing gender inequalities.

“Eat more fruit and vegetables.”