Russia’s invasion of Ukraine, a major supplier of grain to the Middle East and Africa, has triggered deep concerns over access to affordable food across the globe. The alarming...
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Price war in Ukraine
This paper begins with a survey of recent commodity price developments that highlights the magnitude of this price surge and identifies the rapid rise in wheat prices as a key element. The analysis in this paper...
Highlights
The Ukraine War severely disrupted global markets for food, fuel, and fertilizer.
The macroeconomic effects of rising prices depend on countries' unique economic structures.
Socioeconomic...
The market price of fertilizer in Malawi has, in nominal terms, more than tripled compared to two years ago. The price hikes were both nexpected and beyond the control...