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How the Ukraine crisis could affect global food sustainability – BNP Paribas Asset Management

With the prices of various food staples off the charts, Robert-Alexandre Poujade, ESG analyst at BNP Asset Management's Sustainability Centre, explores the knock-on effects Russia’s invasion of Ukraine is likely to have on global food security and broader sustainability.

Posted on May 27, 2022

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... The global price of wheat has reached all-time highs.1 The Food and Agriculture Organization’s Food Price index has risen to levels last seen in the 1970s’ oil crisis.2 Agricultural futures markets are suggesting prices may increase further.3

While food costs were already projected to remain high this year due to a combination of physical climate impacts and the increased input costs of energy and fertilisers, the conflict in Ukraine looks set to result in further inflationary pressure. 

Sources
1 WSJ, March 2022. 2 FAO, April 2022. 3 ‘Agricultural Commodity Markets Reaction to the Ukraine-Russia Conflict’, March 2022.

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