THE GLOBAL FOOD CRISIS AND ITS MANIFESTATION IN RUSSIA
Aleksey Gordeev, Deputy Chairman of the State Duma of the Russian Federation
Eugenia Serova, Director, Institute for Agricultural Research, National Research University Higher School of Economics
Today the world is experiencing another food crisis — food price growth have already surpassed the level of the previous food crisis of 2006-2008. The trigger for this crisis was undoubtedly the worldwide pandemic, which broke the food chains, reduced labor mobility, and lowered the purchasing power of the population. Despite the decline in effective demand in the world, since April 2020 there has been a serious increase in prices in the world markets for many commodities, including agricultural products.
World history shows that food crises usually lead to increased social tensions and conflicts in different parts of the world.
Russia today is an open economy, widely participating in world food markets. In this regard, the dynamics of world prices cannot help but translate into the domestic market. This is happening against the backdrop of declining real incomes of the population. The Russian food situation in the last year has become a priority issue of socio-economic policy. A number of measures have been taken to regulate the agro-food market, from limiting prices to restricting exports of agricultural products and resources for agrarian production. The measures are criticized by both the expert community and agribusiness. At the same time, other agrarian countries apply similar measures.
• Causes of the global food crisis and its impact on Russian food systems.
• Main problems of agribusiness in the current crisis.
• Key demand issues in a crisis.
• Analysis of government decisions to mix the impact of the crisis in Russia.