People are threatened by hunger or buying less to eat. Businesses are changing cooking ingredients and raising prices. Soaring food costs around the world have led to some trade restrictions that help at home but hurt other countries.
from exporting these key goods for months and it will take time to get them moving again to vulnerable countries worldwide.
There’s concern that the impact of all these factors will lead more countries to resort to food export bans, which are felt globally. When IndonesiaAnalysts say food export bans are shortsighted because they have a domino effect of driving up prices. “I would say that roughly 80% of the bans we see are ill-advised — a kind-of, sort-of gut reaction by certain politicians,” said David Laborde, who is credited with creating“In the world where you will be the only one to do it, that can make sense,” he said. “But in a world where other countries can also do it, actually that’s far from being a good idea.”Laborde said bans are “a very selfish policy ... because you try to get better by making things worse for others.
The list of food export restrictions Laborde has been tracking since the COVID-19 pandemic is long and changes constantly. Examples of their impact include Kazakhstan’s restrictions on grains and oil on prices in Uzbekistan, Tajikistan, Turkmenistan and Afghanistan; Cameroon’s rice export restriction on Chad; and Tunisia’s fruit and vegetable restrictions on Libya.
In Singapore, 29-year-old Wu is hopeful he can keep the family business running as Singapore’s government signed off on Indonesia as a new chicken supplier.Batrawy reported from Dubai, United Arab Emirates; Ng from Kuala Lumpur, Malaysia; Chehayeb from Beirut; and Faruk from Mogadishu, Somalia.
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