色色啦

News

Food export restrictions by a few countries could skyrocket global food crop prices

Global shocks such as COVID-19 call for improved political decisions and accountability to secure food for everyone

Recent events such as the Covid-19 pandemic, locust infestations, drought and labour shortages have disrupted food supply chains, endangering food security in the process. A recent study published in Nature Food shows that trade restrictions and stockpiling of supplies by a few key countries could create global food price spikes and severe local food shortages during times of threat.

鈥榃e quantified the potential effects of these co-occurring global and local shocks globally with their impacts on food security,鈥 explains Aalto University Associate Professor Matti Kummu. The results of this research have critical implications on how we should prepare for future events like Covid-19, he says.

The researchers modelled future scenarios to investigate the impact of export restrictions and local production shocks of rice, wheat, and maize would have on their supply and price. These three crops form the backbone of global trade in staple crops and are essential for food security across the globe.

The results show that restriction by only three key exporters of each crop would increase the price of wheat by 70%, while maize and rice would rise by 40% and 60%. When combining this with potential local shocks that occurred last year, the prices would nearly double.

Kummu explains: 鈥楾his is the result of an increasingly interconnected world, in which the majority of countries are dependent on imported food and, so, vulnerable to this kind of shock.鈥

Export restrictions risk de-stabilising global food system

鈥榃e saw that trade restrictions by only a few key actors can create large short-term price spikes in the world market export price of grains, which can lead to food insecurity in import-dependent countries,鈥 explains Postdoctoral Researcher Theresa Falkendal, Potsdam Institute for Climate Impact Research.

By suddenly losing more than one-third of their annual grain supply, many low-income and lower-middle-income countries in Africa and Asia would not be able to cover this grain supply deficit with their domestic reserves, and would need alternative grain sources to survive.

鈥業t's important to realise that food security depends on both local and remote conditions, and imprudent policy decisions in the rich part of the world can plunge people into real hardship in poorer parts of the world,鈥 states Falkendal.

But shock scenarios such as those modelled by the researchers and the risks they bring may become commonplace thanks in part to global warming.

Looking to the future

The Covid-19 pandemic鈥檚 effect on global agricultural supply chains, as well as locusts destroying crops and livelihoods in the Horn of Africa and South Asia, have had a devastating effect on food security.

鈥楾o help prevent such devastation in the future, we need proactive strategies, like reducing food waste, changing the diet towards more plant-based protein sources, and increasing the yields sustainably particularly in the most vulnerable countries,鈥 says Kummu.

鈥榃hile sustainable design of agricultural systems is important, it must go hand-in-hand with efforts to improve political decisions and accountability,鈥 says Michael J. Puma, research scientist and fellow at Center for Climate Systems Research, Earth Institute, Columbia University.

These solutions would ease a lot of pressure on resources that are needed for food production and help improve the self-sufficiency of low-income and middle-income countries.

Thus, timely and coordinated international responses are needed to minimise threats to food security especially to low-income and middle-income countries which lack the resources and purchasing power of larger nations, to ensure affordable staple grains for the world鈥檚 poorest citizens, and to avert a humanitarian crisis.

It鈥檚 essential that humanitarian institutions strengthen their efforts to support democratic accountability around the world, which will ultimately help us to avoid severe food insecurity and famine,鈥 concludes Puma.

Read the .

More information:

Associate Professor Matti Kummu
Aalto University
+358 50 4075 171
matti.kummu@aalto.fi

Dr Theresa Falkendal
Potsdam Institute for Climate Impact Research (PIK)
+49 331 288 2482
theresa.falkendal@pik-potsdam.de

Director and Research Scientist Michael Puma
Center for Climate Systems Research, Columbia University
+1 212 678 5667
mjp38@columbia.edu

Text: Saana Kallioinen

Matti Kummu

Matti Kummu

Professori
T213 Built Environment

Relying on 鈥渓ocal food鈥 is a distant dream for most of the world

A recent study from Aalto University shows that less than one-third of the world's population could currently meet their demand for food produced in their local vicinity

Read more
food production map
  • Updated:
  • Published:
Share
URL copied!

Read more news

Samu Taulu
Appointments, Research & Art Published:

Samu Taulu develops next-generation brain imaging methods

Associate Professor of neurostimulation and neuroimaging Samu Taulu develops more precise methods for understanding the brain
Winners on stage for the EAA best student paper award
Awards and Recognition, Research & Art Published:

EAA Best Paper and Presentation Award for Young Researchers for postdoctoral researcher Thomas Deppisch

The awarded work shows how speech can be made clearer in noisy environments while still preserving directional cues
Curly-haired woman speaks into a microphone indoors, standing next to a screen.
Research & Art Published:

Professor Hanna Maylett: 鈥淲ithout time spent together, a shared vision cannot emerge鈥

According to Hanna Maylett, associate professor of film directing, a director doesn鈥檛 need to know all the answers; rather, their role is to create a process through which those answers can be discovered together.
Alex and Lucie Lampen
Cooperation, Research & Art Published:

From humble beginnings to a captain of industry 鈥 a visionary鈥檚 final gift lives on at Aalto University

The Lamp茅n bequest supports Aalto University chemical engineering students and future professionals through scholarships. Honorary counsellor and Master of Science (Technology) in chemical engineering Aleksander Lamp茅n was a significant pioneer in the Finnish wood processing and cellulose industries. His legacy continues to promote internationalisation and high-quality research in the field of bioproduct technology. A donation 色色啦 University is an impactful investment in education, innovation and the renewal of society.