War in Ukraine: cascading impacts on global food supply
Russia's war in Ukraine has created a perfect storm for global food security, Ertharin Cousin, former head of the UN World Food Programme, tells Ian Bremmer on GZERO World.
And it's not just that the prices of things like corn or wheat have doubled. Transport costs are up because gas is more expensive, while supplies of fertilizer are down for the same reason.
The food crisis is affecting not only those countries that import stuff from Russia and Ukraine but the entire world. Why? Because these are all global commodities.
What's more, the worst might be yet to come because agriculture is a seasonal business.
"We're not talking about a short term problem here," Cousin says. "This is a long, much longer term of potential food challenge."
Watch the GZERO World episode: A perfect storm of food insecurity: a problem for all of us
- A perfect storm of food insecurity: a problem for all of us - GZERO ... ›
- War of the Sunflower Superpowers - GZERO Media ›
- Will Putin eat the world's bread? - GZERO Media ›
- Food security: one area where Putin's plans are bearing fruit ... ›
- Exports controls are "worst possible" thing to do in a food crisis, says UN Foundation chief - GZERO Media ›
- In a food crisis, export controls are "worst possible" thing to do, says UN Foundation chief - GZERO Media ›