Even before the war in Ukraine, food insecurity around the world was rising. Ukraine and Russia account for 29% of global wheat experts and 62% of sunflower oil. This invasion is likely to exacerbate food price inflation in emerging markets and developing economies and impact some of the poorest and most vulnerable countries. Juergen Voegele, the World Bank’s Vice President for Sustainable Development, joins Expert Answers to discuss the impact on a global food system that is already fragile from two years of COVID-19 disruptions, climate extremes, currency devaluations, and worsening fiscal constraints.
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