In case you haven’t noticed, prices of foods from eggs to fish have been skyrocketing lately, and this inflation, which is driven in part by global food shortages, shows no signs of slowing down. One way that some countries are dealing with these shortages is by banning food exports.
According to the Bureau of Labor Statistics’ consumer price index’s most recent data, the price of groceries has increased by a whopping 11.9% over the past 12 months, its sharpest increase since the period ending in April 1979. The price of meats, poultry, fish, and eggs increased the most, rising 14.2%, with the index for eggs increasing 32.2%. (Here is the price of bacon and eggs the year you were born.)
This is not just an American problem. The price of food has been rising around the world, for a variety of reasons. For one, the COVID-19 pandemic drastically impacted global supply chains. More recently, Russia’s war against Ukraine, long regarded as Europe’s breadbasket, has dramatically impacted their ability to export grains, fertilizer, and vegetable oil. (We bet you didn’t know these 32 famous people were born in Ukraine.)
In the face of these food shortages and rising prices, many countries have stopped exporting certain foods entirely, in an effort to ensure that they can feed their own people before selling food abroad.
To determine the countries banning food exports, 24/7 Wall St. reviewed the Food & Fertilizer Export Restrictions Tracker from the International Food Policy Research Institute. The nations on this list implemented food export restrictions after Russia invaded Ukraine in February 2022. The restrictions remained active as of June 21, 2022.
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