Food Shortages Surge to Record High, Food Price Inflation 2nd Highest Ever

May 3, 2022

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BY JOHN CARNEY

The supply of food around the globe saw a sharp uptick in disruptions, survey data from S&P Global indicated Monday.

Supply shortages matched the record hit at the height of the global financial crisis in 2008.

“Supply shortages surged in April to reach a joint-record level as the war in Ukraine continued to hit global food exports. Reports of increased food prices were meanwhile at the second-highest on record,” said S&P Global economist Usamah Bhatti.