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Supply Chain

Food nationalism: Export curbs hit nearly a fifth of global market

Countries hoard supplies as prices spike in wake of Ukraine war

Global wheat prices have jumped 20% since the start of the year as the war in Ukraine cuts supply.   © Reuters

TOKYO -- Export restrictions have been imposed on nearly a fifth of global food trade, according to the latest figures, as countries respond to the food security crisis exacerbated by Russia's invasion of Ukraine.

Export bans, higher tariffs and other barriers have been imposed on 17% of the international food market on a caloric basis as of June 28, according to a tracker maintained by the International Food Policy Research Institute, headquartered in Washington.

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