Business programme

Food Security: Global Challenges and Opportunities

16 Jun , 11:00–12:15
The New Economic Order: Responding to the Challenges of the Time
In partnership with PhosAgro

Global food prices have reached an all-time high. In March 2022, the FAO Food Price Index averaged 159.3 points, up 12.6% from its all-time high in February. The UN is sounding the alarm bell: soaring food, energy, and fertilizer prices are threatening to escalate into a global famine of catastrophic proportions. The UN World Food Programme predicts this year it will affect 44 million people in 38 countries. Experts note that the response to these unprecedented challenge facing humanity requires abandoning politically motivated restrictions and coordinating efforts and cooperation throughout the global community. With its unique agro-industrial potential, Russia plays a key role in this regard. How is the Russian agro-industrial complex and the mineral fertilizer industry overcoming sanctions and logistical barriers as the country searches for new markets for its products? Will the status of ‘essential products’ help to maintain the uninterrupted supply of agricultural products and agrochemicals around the planet? Do countries still have effective mechanisms to curb food inflation? Will the experience gained during the pandemic help to cope with the new phase of the crisis or will it create a negative cumulative effect on the global food system as the world’s population continues to rapidly increase?