Barclays Research Examines How War and Extreme Weather Are Exacerbating Food Insecurity
10 Janeiro 2023 - 4:30AM
Business Wire
A new Barclays Impact Series report raises
concerns about rising food protectionism, which could hamper
efforts to improve food security
Barclays today released the 10th edition of its Impact Series,
entitled “Global food systems under mounting pressure.” The
research report examines how the war in Ukraine, coupled with
extreme weather events, is threatening food security globally.
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“With extreme weather events coinciding with trade restrictions
and conflict, years of positive progress in reducing hunger and
poverty are being rapidly reversed,” says Hiral Patel, Global Head
of Sustainable and Thematic Research. “The war in Ukraine shows how
a localised shock can cascade through international supply
chains.”
Barclays’ Impact Series uses data-driven analysis to explore the
social impact of economic, demographic and disruptive changes
affecting markets, sectors and society at large. The key findings
of today’s report include:
- Despite having eased off the highs reached early last year,
food prices are likely to stay high, leading to shortages in the
most vulnerable countries reliant on imported food.
- Rising food insecurity will likely lead to social unrest and
increased migration from the poorest parts of the world.
- Record temperatures and prolonged droughts will lead to reduced
crop yields in many regions, adding to pressures on food production
and distribution caused by the war.
- Increased trade protectionism related to food will only
exacerbate the situation as more than 40% of the world's calorie
intake currently comes from three crops produced in a handful of
countries.
For more information, please visit: www.cib.barclays.
About Barclays
Barclays is a British universal bank. We are diversified by
business, by different types of customer and client, and geography.
Our businesses include consumer banking and payments operations
around the world, as well as a top-tier, full service, global
corporate and investment bank, all of which are supported by our
service company which provides technology, operations and
functional services across the Group. Barclays offers investment
banking products and services in the US through Barclays Capital
Inc. For further information about Barclays, please visit our
website home.barclays.
About Barclays Corporate and Investment Bank
Barclays Corporate and Investment Bank is comprised of the
Investment Banking, International Corporate Banking, Global Markets
and Research businesses. It provides money managers, financial
institutions, governments, supranational organisations and
corporate clients with services and advice for their funding,
financing, strategic and risk management needs. For further
information about Barclays Corporate and Investment Bank, please
visit our website www.cib.barclays.
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Ellie Austin (UK) 44 (0) 20 7773 6461
ellie.austin@barclays.com
Matt Scully (US) 212-526-7844 matthew.scully@barclays.com
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