The Latest Breaking News from Joseph Glauber

Cost of sugar surges to highest level since 2011 after dry spell in India and drought in Thailand, and price hike has already filtered down to desserts

Restrictions on food exports are spilling over from rice and wheat to other essentials

Since the war began, there's been concern about getting Ukrainian grain to countries in need. A deal was struck in 2022 to keep exports flowing — but Russia put an end to it on Monday.

Around the world, food prices are persistently, painfully high

That's the view of Joseph Glauber of the International Food Policy Research Institute. He considers the fear the war would lead to a surge in food prices – and a dramatic worsening of world hunger.

Russia and Ukraine export nearly a third of the world’s wheat and barley and more than 70 percent of its sunflower oil.

Russian hostilities in Ukraine are preventing grain from leaving the “breadbasket of the world" and making food more expensive across the globe, threatening to worsen shortages, hunger and political instability in developing countries. Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70%…

Russian hostilities in Ukraine are preventing grain from leaving the “breadbasket of the world.”

Global cooking oil prices have been rising since the COVID-19 pandemic began, and Russia’s war in Ukraine has sent costs spiraling, another rising cost as inflation soars.