Food Insecurity and Global Food Shortage

Food insecurity is a growing concern globally, with 345 million people worldwide unsure of where their next meal will come from. This number has doubled in just three years, raising alarm about the availability and accessibility of food. The impact is not limited to developing nations, as recent disruptions in grain exports from Ukraine due to the conflict with Russia have affected global trade. Ukraine and Russia collectively accounted for one-third of the world's wheat trade, 17% of maize trade, and 75% of sunflower oil trade. The resulting increase in food prices and potential shortages of staple products like wheat and corn could have far-reaching consequences, including the possibility of triggering a global recession.