Financial TimesFinancial Times

Food protectionism fuels global inflation and hunger

By Oliver Telling, Benjamin Parkin, Emiko Terazono

10 May 2022 · 3 min read

Rising protectionism is exacerbating chaos in global food markets brought on by the war in Ukraine, with governments clamping down on exports of staples including grains, cooking oil and pulses.

Soaring food prices and, in some cases, the threat of social unrest have led to an increase in exporters banning overseas sales or putting in place other restrictions such as taxes or quotas. These protectionist steps have only driven up the food import bill further for countries dependent on international markets for important food commodities, hitting some of the poorest in the world.

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