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Briefs: Averting the food crisis

Bloomberg
Bloomberg5/26/2022 08:53 PM GMT+08  • 7 min read
Briefs: Averting the food crisis
A chicken farmer in Malaysia, which put a temporary ban on exports to stabilise domestic prices / Photo: Bloomberg
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Bigger food crisis can be averted if Asia remembers not to panic

The world’s food problem is already severe as prices jump and protectionism flares but there is a good chance governments can stop it from getting way worse if they heed a lesson from the crisis in 2008: Don’t panic.

With a gauge of global prices already at a record following Russia’s invasion of Ukraine, a spate of nations have moved to curb exports in crops from wheat and sugar to cooking oils, exacerbating security risks for the rest of the world.

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