IFPRI Analyses: Country-Level Impacts of High Food, Fuel and Fertilizer Prices
IFPRI Analyses: Country-Level Impacts of High Food, Fuel and Fertilizer Prices
Global food, fuel, and fertilizer prices have risen rapidly in recent months. This has been driven in large part by the fallout from the ongoing war in Ukraine and the sanctions imposed on Russia, although other factors, such as export bans, have also contributed to rising prices. For example, palm oil and wheat prices have increased by 56 and 100 percent in real terms, respectively, between June 2021 and April 2022, with most of the increase occurring since February. The price of crude oil and natural gas has also risen substantially, and the weighted average price of fertilizer has doubled. With these changes in global prices, many developing countries and their development partners are concerned about the implications for economic stability, food security, and poverty. To better understand the implications of these rising prices USAID’s Bureau for Resilience and Food Security, the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) (formerly DFID), and the Gates Foundation are jointly supporting a series of global and country analyses looking at both impact and policy options. This Agrilinks Activities Page will highlight completed analyses.