The Ukraine war and food insecurity in Kosovo

Session

Agriculture, Food Science and Technology

Description

Food inflation, Growth in population, reduction of land surfaces, global warming, natural and health disasters (COVID-19), and world crises have affected food security concerns. Inflation in the area of agricultural and food products as an important macroeconomic indicator was affected as a result of the pandemic, so inflation began to increase at the beginning of 2021, marking unfavorable rates during this year, and continues to increase rapidly during the year 2022 as a result of the war in Ukraine. This paper is focused on the study of the impact of war in Ukraina on inflation in the agriculture and food sector. The paper was based on a descriptive analysis of technical documents, papers, journals, and reports of main international organizations dealing with related issues and other important partners. During this two-year period, agriculture and food products experienced a very large increase in inflation in Kosovo, reaching higher figures compared to other countries. Populations in Kosovo spend more than half of their family budget on food, so the increase the food prices has directly affected their well-being, having a negative impact on the country and beyond. The annual inflation rate measured from July 2021 to July 2022 reached 14.2% for food and agricultural products. The last published data on inflation was significantly higher than expected. Global and local inflation rates continue to rise, faster than expected. Therefore, the peak of the increase in prices of agricultural and food products is visible. The prices of locally produced products are also continuing as a result of the increase in the prices of raw materials, agricultural inputs (fertilizers, pesticides, machinery, fuels, etc.), climate stress, export bans, etc

Keywords:

Inflation, food, war in Ukraina, economic cost, agriculture inputs, food security.

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-50-5

Location

UBT Kampus, Lipjan

Start Date

29-10-2022 12:00 AM

End Date

30-10-2022 12:00 AM

DOI

10.33107/ubt-ic.2022.337

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Oct 29th, 12:00 AM Oct 30th, 12:00 AM

The Ukraine war and food insecurity in Kosovo

UBT Kampus, Lipjan

Food inflation, Growth in population, reduction of land surfaces, global warming, natural and health disasters (COVID-19), and world crises have affected food security concerns. Inflation in the area of agricultural and food products as an important macroeconomic indicator was affected as a result of the pandemic, so inflation began to increase at the beginning of 2021, marking unfavorable rates during this year, and continues to increase rapidly during the year 2022 as a result of the war in Ukraine. This paper is focused on the study of the impact of war in Ukraina on inflation in the agriculture and food sector. The paper was based on a descriptive analysis of technical documents, papers, journals, and reports of main international organizations dealing with related issues and other important partners. During this two-year period, agriculture and food products experienced a very large increase in inflation in Kosovo, reaching higher figures compared to other countries. Populations in Kosovo spend more than half of their family budget on food, so the increase the food prices has directly affected their well-being, having a negative impact on the country and beyond. The annual inflation rate measured from July 2021 to July 2022 reached 14.2% for food and agricultural products. The last published data on inflation was significantly higher than expected. Global and local inflation rates continue to rise, faster than expected. Therefore, the peak of the increase in prices of agricultural and food products is visible. The prices of locally produced products are also continuing as a result of the increase in the prices of raw materials, agricultural inputs (fertilizers, pesticides, machinery, fuels, etc.), climate stress, export bans, etc