The invasion of Ukraine has led spring crop plantings to be down by at least a third, supply routes to be disrupted, and more than 10 million people to be displaced, a study has found.
According to IPES-Food's study, Another Perfect Storm?, maize hit its highest price level ever in March 2022. Wheat export prices also hit a 14-year peak, rising 20% above February prices.
At least 20 countries import more than 50% of their wheat from Ukraine and Russia, while more than 30 countries depend on these countries for at least 30% of their wheat import needs.
