A new paper written by Alexander Müller, Adam Prakash and Elena Lazutkaite sheds light on current developments in global food markets, especially the outlook for the 2022/23 season, and how might a severe hunger crisis unfold. Their analysis reveals that climate change is likely to compound the effects of conflict (which is driving high energy costs and fertilizer scarcity) as well as ill-functioning supply chains, all of which makes a recipe for a hunger crisis. The paper further proposes an assessment of initiatives being considered by the multilateral system to dispel the current crisis including their relative merits, and provides details of how food systems need to be transformed for increased resilience against price and supply shocks.
Read the full paper here.
Editor's note: slight amendments to the paper were done on 25 July 2022
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