Consequences of the Current Conjuncture on World Food Markets

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Abstract

The current conjunctures, namely the Covid-19 pandemic and the Russia-Ukraine crisis, created new challenges in the food markets worldwide, because of the pressures in the prices and constraints in the food chains. These frameworks brought additional pressures for already existing problems related to global warming and climate change. In this study, it was intended to analyse the evolution worldwide of food prices over the last few years and to assess the eventual impacts of the pandemic and Russia-Ukraine conflict on these contexts. Statistical information from the FAOSTAT was considered for the period January 2016-September 2022 and the following variables: food price inflation (%); consumer prices, food indices (2015 = 100). The impacts on food prices were greater from the Russia-Ukraine crisis than from the Covid-19 pandemic. This is particularly worrying in more vulnerable countries.

Publisher

IGI Global

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