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The Graphic Truth: Carb prices on the rise

The cost-of-living crisis as a result of the lingering pandemic — and more recently Russia’s onslaught in Ukraine — is being felt acutely around the globe. In advanced economies like the US and UK, the cost of food has increased dramatically because of logistical problems getting commodities out of Black Sea ports, as well as disruptions to harvesting in the region. Even before the pandemic, the US, which has a more dynamic economy than Europe’s — and a Federal Reserve that pursues policies favoring full employment — had a higher base inflation rate than many of its European counterparts. The Consumer Price Index is used globally to measure the average change over time in prices paid by consumers and is widely used to measure inflationary trends. We look at the CPI of breads and cereals in the UK and US since 2003.

Podcast: The Ukraine war is crippling the world's food supply, says food security expert Ertharin Cousin

Listen: The Ukraine war and sanctions against Russia have created a perfect storm that will lead to a global food supply crisis, Ertharin Cousin, former head of the UN World Food Programme, tells Ian Bremmer on the GZERO World podcast. Russia and Ukraine account for almost a third of the world's wheat exports. All nations could be affected since these are global commodities, but developing countries that rely on those imports are most at risk. The disruptions could double the amount of people that went hungry during the pandemic, and since agriculture is a seasonal business, the worst may be yet to come.

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Russia has geared up to avoid food scarcity.

Paige Fusco

Food security: one area where Putin’s plans are bearing fruit

Shortly after Russia invaded Ukraine, Russians were seen scrambling for packets of sugar at supermarkets. It was the first sign that Western sanctions meant to punish President Vladimir Putin for the war might actually be having a serious impact. Stores imposed limits on the purchase of some products, and Putin's government rushed to reassure Russians that they would have enough to eat.

Russians are facing shortages of everything from smartphones and cars to paper, but experts say there’s one area where the country might be able to largely insulate itself from the sanctions that have otherwise ravaged the economy: food security.

Since 2014, when Russia’s annexation of Crimea triggered a wave of targeted sanctions, the Kremlin has been preparing for the possibility of more wide-ranging economic punishment from the West. Through a massive program of import substitution, it has tried to reduce the dependence of Russia’s economy on imports by developing domestic industries across sectors over the past eight years. While those efforts have failed in most fields, they have yielded some success in food and agriculture.

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Thai landfill turned into urban farm to feed poor during Covid-19 pandemic

January 07, 2021 3:48 PM

The move boosted food security and livelihoods of poor families and can be a model for unused spaces in other cities.

Philippines detects new swine fever outbreaks, eyes more pork imports

September 24, 2020 4:17 PM

MANILA (REUTERS) - The Philippines' Department of Agriculture said on Thursday (Sept 24) it had detected new African swine fever outbreaks in six provinces, raising the possibility that the domestic pork shortfall anticipated by year-end will be bigger than initially expected.

Indonesia to cull millions of chickens, curb egg hatching to support prices

September 01, 2020 5:26 PM

JAKARTA (REUTERS) - Indonesia's farming ministry has ordered breeders to cull millions of chickens and reduce the number of hatching eggs to control a slump in poultry prices, the ministry said in a statement on Tuesday (Sept 1).

China's Xi says nation needs to put an end to soaring food waste

August 11, 2020 9:56 PM

BEIJING - China's President Xi Jinping urged his country to take immediate measures to stop food waste from growing, especially at a time when the nation's grappling with the coronavirus pandemic.

Drought spurs Australia to import rice or risk empty shelves

July 08, 2020 1:01 PM

MELBOURNE (BLOOMBERG) - This season, like nearly nine-tenth of Australian rice growers, Mr Rob Massina decided to skip planting the grain on his land near the tiny town of Jerilderie, about four hours north of Melbourne.

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