The Food Security Portal gratefully acknowledges the European Commission (EC) and the Foreign, Commonwealth & Development Office (FCDO) of the Government of the United Kingdom for their financial support of the Ukraine crisis monitoring.
The crisis in Ukraine threatens global food security at a time when global food markets are already struggling with soaring prices, supply-chain disruptions, and a bumpy recovery from the pandemic. Ukraine and the Russian Federation account for more than 30% of global wheat exports, provide around 12 percent of the globally traded supply of food energy in kilo calories, and are breadbaskets to many food import-dependent developing countries in the Middle East, South Asia, and sub-Saharan Africa. Moreover, Russia is a major producer of fertilizer. Any serious disruption of production and exports from these suppliers will drive up prices further and erode food security for millions of people. If governments respond with export restrictions in an effort to keep domestic food prices in check, the impact on food security will be even higher.
In this context, monitoring the impact of the crisis on food security is key. To that end, this page provides several tools to monitor the situation. Here you can monitor production and stocks, track food export restrictions, check food price volatility, and access resources such as the AMIS Market Monitor.
Vulnerability to Global Market Shocks V.1: Wheat and Fertilizer Price Shocks Caused by Ukraine Crisis
This tool is designed to identify the exposure (vulnerability) of countries to shocks in global markets that may cause supply shortages or price surges in staple foods and key agricultural inputs (like fertilizers) which could erode food security in countries if they are highly dependent on imports of such commodities and/or lack the economic capacity to cushion their vulnerable population against the impacts of those shocks.
The ongoing Russia-Ukraine conflict continues to expose global food security to high uncertainty, exacerbating already soaring food prices stemming from COVID-19-induced supply disruptions and drought-reduced yields. As seen in past global food price crises, some countries have begun restricting food trade with the objective of controlling domestic food inflation. These restrictions can have dire unintended consequences for vulnerable people in food-importing countries, increasing prices and exacerbating food insecurity.
The outbreak of the war in Ukraine sent fertilizer prices soaring to all-time highs as prices for natural gas, a key feedstock for nitrogenous fertilizer production, drove production cutbacks and sanctions and export restrictions disrupted exports. These drivers of market turmoil intensified fears of reduced global food production and higher food prices. While global supply continues to rebound and prices abate, risks linger and monitoring market developments remains key.
The stock-to-use ratio is an important indicator of the vulnerability of world food markets to shocks. The ratio represents the level of carryover stock of a given commodity as a percentage of the total use of that commodity.
The Excessive Food Price Variability Early Warning System is a tool of the Food Security Portal that identifies periods of excessive price variability (i.e. price variability that exceeds a pre-established threshold), and it is updated on a daily basis to identify days that are within periods of high, moderate, and low price variability.