"Crisis within a crisis"

 According to the President of the World Bank, David Malpass, the world is facing a "human catastrophe" from a food crisis arising from Russia's invasion of Ukraine. Malpass warned that record rises in food prices would push hundreds of millions people into poverty and lower nutrition, if the crisis continues.

"It's a human catastrophe, meaning nutrition goes down. But then it also becomes a political challenge for governments who can't do anything about it, they didn't cause it and they see the prices going up," he said.

The World Bank calculates there could be a "huge" 37% increase in food prices, which is "magnified for the poor", who will "eat less and have less money for anything else such as schooling. And so that means that it's really an unfair kind of crisis. It hits the poorest the hardest." The price rises are broad and deep, he said: "it's affecting food of all different kinds oils, grains, and then it gets into other crops, corn crops, because they go up when wheat goes up".

There was enough food in the world to feed everybody, he said, and global stockpiles are large by historical standards, but there will have to be a sharing process to get the food to where it is needed.

 He also warned of a knock-on "crisis within a crisis" arising from the inability of developing countries to service their large pandemic debts, amid rising food and energy prices.

"This is a very real prospect. It's happening for some countries, we don't know how far it'll go. As many as 60% of the poorest countries right now are either in debt distress or at high risk of being in debt distress," he said.

Ukraine war: World Bank warns of 'human catastrophe' food crisis - BBC News