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Allianz issues a report on the food crisis forecasts

by Allianz

The war in Ukraine has created the perfect storm for a global food crisis that could last for years. Before the Russian invasion of Ukraine, the latter supplied 4.5mn tons of agricultural produce through its ports – 12% of the world’s wheat, 15% of globally traded corn and 50% of the planet’s sunflower oil. Russia and Ukraine cumulatively supplied 28% of traded wheat. Now, without access to these markets, the coming years could see a resurgence of malnutrition and mass hunger (UN Secretary-General António Guterres’ in the Global Food Security Call to Action), with millions of people at risk of food insecurity.

Allianz identify 11 larger emerging markets that face a high risk of food-related protests in the next few years: Algeria, Bosnia and Herzegovina, Egypt, Jordan, Lebanon, Nigeria, Pakistan, the Philippines, Sri Lanka, Tunisia and Turkey.

Read the full report on Allianz

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Allianz
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