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Home Browse 2023 - Volume 125 Volume 125 - Issue 2

The food price situation in Central Asia

bySEROVA, EugeniaandYANBYKH, Renata
  • Year 2023
  • Volume 125
  • Issue 2
  • Pages 69-76

The COVID-19 pandemic has had serious implications for food security around the world. The Russian-Ukrainian military conflict led to another surge in food prices. Central Asia, despite its diverse levels of economic development, has undoubtedly experienced a tangible shock from the food crisis of recent years. Food inflation in the region has many aspects to it. It was initially determined by global food price trends and the depreciation of national currencies during the pandemic period. Several national factors affected the local food situation: a series of adverse weather conditions, the different fiscal consequences of pandemic, and national strategic policies in support of agri-food exports. The countries of the region used all regulatory measures to protect their markets – export restrictions and export quotas, import subsidies and VAT zeroing, as well as subsidies for production and support to consumers. The forecasts for food prices in the region in 2023/2024 are not optimistic: prices will remain relatively high, and future changes largely depend on the still volatile geopolitical situation. The impact of COVID-19 may have long-term consequences for Central Asia. Over the coming 10-20 years, the development of agriculture in the region will be dictated by the need to address the growing threats of resource shortages (thereby ensuring that urgent needs can still be met during a crisis situation), the modernisation of the currently prevalent models of food systems, and growing problems relating to biosafety and nutrition.

Tags: Central Asiafood priceinflationtrends
  • https://doi.org/10.7896/j.2549
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  • Scopus SJR (2022): 0.27
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  • ISSN (electronic): 2063-0476
  • ISSN-L 1418-2106

 

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Publisher Name: Institute of Agricultural Economics Nonprofit Kft. (AKI)

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Name of Responsible Person for Publishing:        Dr. Pal Goda

Name of Responsible Person for Editing:             Dr. Attila Jambor

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Keywords

adoption (5) Africa (3) agricultural exports (3) agriculture (12) AKIS (3) CAP (3) Central and Eastern Europe (3) climate change (5) Common Agricultural Policy (3) competitiveness (5) consumer behaviour (3) consumer preferences (4) Covid-19 (5) dairy farms (3) Data Envelopment Analysis (3) economic growth (3) efficiency (3) elasticity (3) European Union (7) FADN (3) family farms (4) farmers (3) farm income (3) food price (3) Hungary (5) impact evaluation (4) inflation (3) innovation (4) Kosovo (3) LEADER (4) maize (3) off-farm income (4) participation (3) policy (4) price transmission (3) risk management (3) rural areas (4) rural development (13) social capital (3) social innovation (3) Structural Funds (3) sustainability (5) sustainable agriculture (4) technical efficiency (6) trends (2)
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