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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.

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.

The FAO Food Price Index continued to drop slightly in February, reaching almost 19 percent below its March 2022 peak. This represents the eleventh consecutive month of decline.

New technologies like remote sensing, digital advisory services, and digital financial tools have the potential to dramatically transform agricultural value chains in low- and middle-income countries (LMICs). But are these countries able to truly take advantage of this potential? Not without further investment, says a chapter in the recent book titled Science and Innovations for Food System Transformation.

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