The Imminent Food Crisis

 Russia’s invasion of Ukraine has sparked significant rises in energy and food prices.

A US think tank - the Center for Global Development - is now warning that the scale of these spikes could push more than 40 million people around the world into "extreme poverty".

 Russia and Ukraine account for 29% of the world's wheat. Russia and Belarus account for one-sixth of the world's fertiliser.

In the past two decades, there have been two significant spikes in food commodity prices, 2007 and 2010. The World Bank estimated the 2007 spike may have pushed up to an extra 155m people into extreme poverty with separate work suggesting the 2010 surge had the same effect on 44m people. 

Food prices are already high, and tens of millions will fall into extreme poverty and go hungry in the coming year. 

Price Spike Caused by Ukraine War Will Push Over 40 Million into Poverty: How Should We Respond? | Center For Global Development (cgdev.org)