
Higher food prices are part of a wider worldwide trend that is deteriorating household’s purchasing power. They are fueling protests in several countries in the past few months, including in Spain, Argentina, Peru, and Iran. This is hardly strange, as food prices are now on average 55% higher than at the end of 2019. Long-term problems, including climate shocks, environmental degradation and dysfunctional food systems are part of the cause. At the same time, the risks of food insecurity increased with lockdowns and supply chain disruptions during COVID and are now mounting in countries highly dependent on imports of cereals and wheat from Ukraine and Russia. As such, Egypt, Senegal, Lebanon, and Kenya are struggling to access new markets for staple foods. Until the proper arrangements are made, food shortages remain a threat. Click to read more