The collapse of the pact threatens to push up food prices for consumers worldwide and tip millions into hunger. The White House said the deal had been “critical” to bringing down food prices around the globe, which spiked after Russia invaded Ukraine in February last year.
Last year, economic shocks that included the impacts of the Ukraine war and the pandemic were the main reasons for “acute food insecurity” in 27 countries, affecting nearly 84 million people, according to a report by the Food Security Information Network, a data-sharing platform funded by the European Union and the United States. The FSIN defines acute food insecurity as lacking enough food to the extent that it puts the person’s life or livelihood at risk.
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