Miller Magazine Issue: 150 June 2022

27 MILLER / JUNE 2022 NEWS Cimbria.com A/S Cimbria Thisted, Denmark Phone +45 96 17 90 00 cimbria.holding@agcocorp.com You Have A Vision For Your Business . Cimbria can bring it to life. We’ve been doing it for 75 years. With dedicated experts at your side from start to finish and beyond, Cimbria will help you grow with confidence. So you can look forward to a prosperous future. Do you have a unique grain or seed processing challenge? From customized plant design to turnkey installations and expert support, Cimbria can help find the right solution for your success. er impact on people in low- and middle-income coun- tries since they spend a larger share of their income on food than people in high-income countries. Food prices were already high before, and the war is driving food prices even higher. Commodities that have been most affected are wheat, maize, edible oils, and fertilizers. Global commodity markets face upside risks through the following channels: reduction in grain supplies, higher energy prices, higher fertilizer prices, and trade disruption due to shutting down of major ports. Over the coming months, a major challenge will be access to fertilizers which may impact food production across many crops in different regions. Fertilizer prices surged in March, up nearly 20% since January 2022 and almost three times higher compared to a year ago. Russia and Belarus are major fertilizer exporters, accounting for 38% of potassic fertilizers, 17% of com- pound fertilizers, and 15% of nitrogenous fertilizers. Following the start of the war in Ukraine, trade-relat- ed policies imposed by countries have surged. Since the beginning of 2022 until May 19, 268 policy mea- sures have been announced and implemented by 75 countries. The number of policies on food and fertiliz- ers (85%) surpasses the number of policies on raw ma- terials and fuels (15%). Globally, hunger levels remain alarmingly high. In 2021, they surpassed all previous records as reported by the Global Report on Food Crises 2022, with close to 193 million people acutely food insecure—nearly 40 million more people than during the previous high reached in 2020. Conflict and insecurity are identified as the main drivers of increased food insecurity. Rapid phone surveys done by the World Bank in 83 countries show a significant number of people running out of food or reducing their consumption in the first two years of the COVID-19 pandemic. Reduced calo- rie intake and compromised nutrition threaten gains in poverty reduction and health and could have lasting im- pacts on the cognitive development of young children.