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Global Food Crisis Deepens After War Disruption

Financial Times Markets •
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Russia's invasion of Ukraine has triggered a severe global food crisis, disrupting grain exports from two of the world's largest producers. Ukraine's ports remain blocked, preventing the shipment of millions of tons of wheat, corn, and sunflower oil. This has sent food prices soaring worldwide, with the UN warning that 44 million people face acute food insecurity.

The crisis hits developing nations hardest, as many depend on Russian and Ukrainian grain imports. Countries in Africa and the Middle East are particularly vulnerable, with some governments struggling to maintain food subsidies. The World Food Programme reports that food costs have jumped 34% since the war began, straining humanitarian aid efforts.

Beyond immediate shortages, the conflict threatens global food security for years. Farmers in Ukraine face severe disruptions to planting and harvesting, while Russian fertilizer exports have plummeted due to sanctions. Agricultural experts warn that even if fighting stops, rebuilding Ukraine's agricultural sector will take years, leaving a lasting impact on global food markets.