What's New

The sanctions imposed by the European Union, United States, Canada, and other countries on Russia and Belarus following Russia’s February 24 invasion of Ukraine included restrictions on banking, trade, technology transfers, and specific individuals. These came on top of earlier sanctions on both countries – on Russia, in response to its 2014 annexation of Crimea, and on Belarus, in response to human rights violations in 2020 and its forced grounding of Ryanair flight 4798 to seize a dissident journalist in 2021.

The October FAO Food Price Index remained largely unchanged from September, with rising cereal prices balanced by declines in the other commodity groups. The overall Food Price Index has fallen by almost 15 percent from March 2022 but remains 2 percent above its October 2021 levels.

Russia’s October 29 announcement that it was suspending its participation in the Black Sea Grain Initiative—which allows shipments out of Ukrainian ports—was not a surprise; Russia had been skeptical of the deal since the start. But now the supply disruptions will begin again: the move will have a negative impact on Ukraine, its customers, on world market prices—and global food security, particularly for countries in the Middle East and North Africa (MENA) region.

It seems that joint food and energy crises have become the norm: Three have now occurred in just the last 15 years, driven by climate change and other human-made crises such as COVID-19 and the Russia-Ukraine war.

All three crises dramatically pushed up food and energy prices, as well as those of fertilizers, leading to an increase in the number of undernourished people worldwide (Figure 1). The number of hungry has now been on the rise for almost a decade now, and it is unclear if or when the global community will come together to implement interventions to turn this around.

Even as the effects of the COVID-19 pandemic dissipate, the world continues to face a severe food security crisis, exacerbated by the ongoing Russia-Ukraine war, putting it further off track to achieve Sustainable Development Goal 2—ending hunger and malnutrition in all its forms by 2030.