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14 March 2022

War in Ukraine threatens to create a global food crisis

Grains, fertiliser and fuel are soaring in price.

By Nicu Calcea

Russia’s invasion of Ukraine is threatening food security across the world, with prices for energy, fertiliser and food reaching all-time highs, New Statesman analysis found.

The price of wheat on global markets reached a peak of more than $16.20 a bushel this month (March), more than double the price a year before. The increase was spurred by soaring costs of oil and gas, as well as a global fertiliser shortage.

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