Economics, Econometrics and Finance
4 years ago

Global food prices set to soar by 18% due to Covid-19 export restrictions.

SSRN Electronic Journal
Covid-19 and Food Protectionism: The Impact of the Pandemic and Export Restrictions on World Food Markets
Alvaro Espitia, Nadia Rocha, Michèle Ruta

Paper Summary

The impact of Covid-19 and export restrictions on world food markets was analyzed. The pandemic caused a decrease in global food supply and an increase in prices. Countries imposing export restrictions worsened the situation, leading to even higher prices. Developing countries relying on food imports would be hit the hardest.

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