The Food, Fuel and Fertiliser Crisis
This report provides an overview of the Food, Fuel and Fertiliser Crisis for February 2023. It focuses on key trends in the supply, demand, and prices of food, fuel and fertilisers, and analyses the impacts of these trends, especially across sub-Saharan Africa (SSA).
- Food, fuel, and fertiliser prices remain high leading to increased poverty and food insecurity.
- Food, fuel, and fertiliser markets remain volatile.
- High food prices are driven by a range of factors, including food volumes coming out of war-torn Ukraine; lower crop yields (linked to droughts/floods/reduced fertiliser applications); high production, transportation, and energy costs as well as post-Covid supply logistics issues; low food commodity stocks, export restrictions, and strong global demand.