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This crisis demands an immediate global response to provide relief in the short term, as well as policy changes to diversify the world’s food markets over the long term to build resilience and avoid future crises.
Commodity prices were rising steadily before the conflict, according to the FAO Food Price Index, and hit an all-time high in February before the full impacts of the invasion could be felt. Prices of cereals and vegetable oils are reaching levels higher than the 2008/2009 global food price crisis.
