Faculty of Economics, Administrative and Social Sciences - iisbf@gelisim.edu.tr

International Trade And Finance








 United Nations Warns of Food Crisis


United Nations (UN) Secretary-General Antonio Guterres has called for action to tackle the current rise in global food insecurity.


UN Headquarters in New York, Secretary-General António Guterres said the number of severely food insecure people had doubled in just two years – from 135 million pre-pandemic to 276 million today, with more than half a million experiencing famine conditions – an increase of more than 500 per cent since 2016.

The climate emergency is another driver of global hunger he added, pointing out that 1.7 billion people have been affected by extreme weather and climate-related disasters over the past decade.  Moreover, the COVID-induced economic shock has compounded food insecurity by reducing incomes and disrupting supply chains, leading to an uneven economic recovery. Access to financial markets has been restricted, with some developing States now on the brink of debt default. “Now the war in Ukraine is amplifying and accelerating all these factors: climate change, COVID-19, and inequality,” Mr. Guterres said.

Between them, Ukraine and Russia produce almost a third of the world’s wheat and barley and half of its sunflower oil. Russia and Belarus are the world’s number two and three producers of potash, a key ingredient of fertilizer. The war threatens to tip “tens of millions of people over the edge into food insecurity, followed by malnutrition, mass hunger and famine, in a crisis that could last for years,” warned the UN chief. “In the past year, global food prices have risen by nearly one-third, fertilizer by more than half, and oil prices by almost two-thirds”.

The Secretary-General outlined urgent steps to solve the short-term crisis and prevent long-term damage, beginning with reducing market pressure by increasing food supplies – with no restrictions on exports and surpluses available to those most in need. There is no effective solution to the food crisis without reintegrating Ukraine’s food production, as well as the food and fertilizer produced by Russia and Belarus, into world markets, despite the war. Secondly, social protection systems must cover all in need with food, cash; and water, sanitation, nutrition, and livelihood support must be provided. Governments must bolster agricultural production and invest in resilient food systems that protect smallholder food producers. And finally, humanitarian operations must be fully funded to prevent famine and reduce hunger.