2 weeks ago

Kerch Strait strikes revive global food crisis fears

Kerch Strait strikes revive global food crisis fears
Kerch Strait warning, a call for vigilance · indianexpress.com

In March 2022, the price of food around the world went up to its highest level ever.

That happened because Russia started a big war with Ukraine.

Now, more than four years later, the same thing might happen again.

Russia and Ukraine are attacking each other's ships, ports, and places where grain is kept.

Because of these attacks, Ukraine cannot send almost any grain out of its biggest port area, which is called Odesa.

Russia is also having trouble sending grain from its Black Sea ports.

Together, Russia and Ukraine grow and sell a lot of the world's food, including more than a quarter of the world's wheat.

They also sell most of the world's sunflower oil.

If this food cannot reach other countries, food prices could go up everywhere again.

When one kind of oil becomes scarce, the prices of other kinds of oil also go up.

So the world is watching closely because another food crisis may be coming.

Key facts

FAO food price index
Hit an all-time high in March 2022 following Russia's invasion of Ukraine
Ukraine exports via Greater Odesa port complex
About 90 per cent of agricultural produce exports
Russia's grain exports via Black Sea/Azov ports
More than 80 per cent
Combined world wheat exports (Russia & Ukraine)
Over a quarter
Combined corn and barley share
Roughly 15 per cent each
Combined sunflower oil share
More than 60 per cent
Affected region
Black Sea, Kerch Strait, Sea of Azov
Cause of disruption
Escalated two-way strikes on ports, grain terminals and cargo vessels

Sources

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