Australia isn’t likely to face food shortages anytime soon. But hotter, drier weather could still take a toll on many local economies and communities.
- Associate Professor of Economics, University of Sydney
Australia gets half its urea – a crucial nitrogen fertiliser – from countries now impacted by the war. But research suggests higher food prices aren’t a given.
The new El Niño is unlikely to significantly increase global food prices, but some parts of the world will feel the pain.
Wheat accounts for about 20% of human calorie consumption, and Russia and Ukraine are both major exporters. The war could hit household food supplies in countries as far apart as Egypt and Indonesia.
In Australia, among young men, recessions might save hundreds of lives per year.
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