"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-10T22:33:40Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/10/food-prices-crisis-russia-ukraine-invasion-qmb-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="food prices crisis russia ukraine invasion qmb vpx"
data-first-publish-slug="food prices crisis russia ukraine invasion qmb vpx"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,continents and regions,eastern europe,europe,exports and imports,famine and food shortages,financial markets and investing,food and beverage industry,food prices,food production industry,government organizations - intl,international assistance,international relations,international relations and national security,international trade,russia,societal issues,society,trade and development,ukraine,united nations,united nations world food programme,unrest, conflicts and war,russia-ukraine conflict"
data-details="">
Video Ad Feedback
Global food shortage and higher prices may result from war in Ukraine
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-10T22:33:40Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/10/food-prices-crisis-russia-ukraine-invasion-qmb-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="food prices crisis russia ukraine invasion qmb vpx"
data-first-publish-slug="food prices crisis russia ukraine invasion qmb vpx"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,continents and regions,eastern europe,europe,exports and imports,famine and food shortages,financial markets and investing,food and beverage industry,food prices,food production industry,government organizations - intl,international assistance,international relations,international relations and national security,international trade,russia,societal issues,society,trade and development,ukraine,united nations,united nations world food programme,unrest, conflicts and war,russia-ukraine conflict"
data-details="">
Video Ad Feedback
Global food shortage and higher prices may result from war in Ukraine
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-01-26T15:35:27Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/01/26/united-airlines-intv-ceo-es-romans-vpx.cnn"
data-branding-key=""
data-video-slug="united airlines intv ceo es romans vpx"
data-first-publish-slug="united airlines intv ceo es romans vpx"
data-video-tags="air transportation,airlines,aviation and aerospace industry,business and industry sectors,business, economy and trade,christine romans,companies,iab-air travel,iab-aviation industry,iab-business and finance,iab-industries,iab-travel,iab-travel type,misc people,transportation and warehousing,united airlines"
data-details="">
Video Ad Feedback
'The system is stressed to the max': United CEO weighs in on industry woes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-01-20T11:06:04Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/01/19/nightcap-work-from-home-employers-clip-orig-nb.cnn"
data-branding-key="nightcap"
data-video-slug="nightcap work from home employers clip orig nb"
data-first-publish-slug="nightcap work from home employers clip orig nb"
data-video-tags=""
data-details="">
Video Ad Feedback
Disney just threw down the gauntlet in the WFH battle
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-01-17T14:04:51Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/01/17/nyc-sober-bar-owner-cnntm-cprog-vpx.cnn"
data-branding-key=""
data-video-slug="nyc sober bar owner cnntm cprog vpx"
data-first-publish-slug="nyc sober bar owner cnntm cprog vpx"
data-video-tags="bars, pubs and taverns,brand safety-nsf alcohol,brand safety-nsf sensitive,business and industry sectors,business, economy and trade,continents and regions,food and beverage industry,food and drink,iab-attractions,iab-bars & restaurants,iab-business and finance,iab-dining out,iab-food & drink,iab-food industry,iab-industries,new york (state),new york city,north america,northeastern united states,restaurant and food service industry,restaurant industry,restaurants,the americas,united states"
data-details="">
Video Ad Feedback
Hear why this bar owner decided to open a non-alcoholic bar
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-01-13T12:33:08Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/01/13/inflation-ease-small-business-impact-cohen-pkg-cnntm-vpx.cnn"
data-branding-key=""
data-video-slug="inflation ease small business impact cohen pkg cnntm vpx"
data-first-publish-slug="inflation ease small business impact cohen pkg cnntm vpx"
data-video-tags="business, economy and trade,company activities and management,company structure and ownership,domestic alerts,domestic-business,economic conditions,economic indicators,economy and economic indicators,iab-business,iab-business and finance,iab-economy,iab-small and medium-sized business,inflation,international alerts,international-business,small business"
data-details="">
Video Ad Feedback
'You're just a hamster spinning on a wheel': Restaurant owner struggles to stay open
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-12-15T13:26:19Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/12/15/labor-force-men-women-yurkevich-dnt-contd-cnntm-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="labor force men women yurkevich dnt contd cnntm vpx"
data-first-publish-slug="labor force men women yurkevich dnt contd cnntm vpx"
data-video-tags=""
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-11-29T14:05:24Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/11/29/bank-of-america-ceo-brian-moynihan-economy-harlow-cnntm-vpx.cnnbusiness"
data-branding-key="perspectives-no-logo"
data-video-slug="bank of america ceo brian moynihan economy harlow cnntm vpx"
data-first-publish-slug="bank of america ceo brian moynihan economy harlow cnntm vpx"
data-video-tags="bank of america corp,brian moynihan,business figures,business, economy and trade,companies,economy and economic indicators,misc people,poppy harlow"
data-details="">
Video Ad Feedback
Bank of America CEO predicts 'mild recession' next year
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-11-18T22:44:24Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/11/18/rising-heat-costs-home-heating-oil-prices-inflation-winter-cohen-pkg-biz-lead-vpx.cnn"
data-branding-key=""
data-video-slug="rising heat costs home heating oil prices inflation winter cohen pkg biz lead vpx"
data-first-publish-slug="rising heat costs home heating oil prices inflation winter cohen pkg biz lead vpx"
data-video-tags="business and industry sectors,business, economy and trade,economic conditions,economic indicators,economy and economic indicators,electric power industry,energy and utilities,inflation,seasons of the year,utilities industry,winter (season)"
data-details="">
Video Ad Feedback
Some Americans being forced to pick between paying for groceries and heating their homes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-11-09T19:49:31Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/11/09/stew-leonard-jr-grocery-food-price-mb-markets-now.cnn-business"
data-branding-key="markets-now"
data-video-slug="stew leonard jr grocery food price mb markets now"
data-first-publish-slug="stew leonard jr grocery food price mb markets now"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,economic conditions,economic indicators,economy and economic indicators,financial markets and investing,food and beverage industry,food prices,food production industry,holidays and observances,inflation,retail and wholesale trade,supermarkets and groceries"
data-details="">
Video Ad Feedback
Grocery chain CEO on food prices: 'My crystal ball is broken'
Editor’s Note: Abby Maxman is president and CEO of Oxfam America. The opinions expressed in this commentary are her own.
Forces like climate change, Covid-19 and geopolitical conflict were already spurring a global food crisis. But now the war in Ukraine has made a dire situation even worse.
In this world of plenty, 811 million people are going to bed hungry at night and 44 million people in 38 countries are facing extreme hunger. The US must step up to help.
The WFP estimates an 18% to 30% hike in international wheat and maize prices depending on the length of the conflict. Countries like Syria — where food prices have doubled in the last year — rely heavily on food imports and are suffering the most. Nearly half of African countries import over a third of their wheat from Russia and Ukraine. And so, rising and fluctuating food prices have hit vulnerable countries like a sledgehammer.
But hunger is a solvable issue. It’s dependent on lifting people out of poverty — especially those who produce, pick and process our food — since farmers and food workers have some of the highest rates of food insecurity around the world. In times of crisis, we focus on getting food and cash to the most vulnerable, as soon as possible — but we can’t stop there. In my three decades of humanitarian and development work, we have failed to sustainably address systemic hunger, and right now we’re on another deadly trajectory.
Advocates of large-scale, intensive industrial agriculture are saying, yet again, that the solution to the current hunger crises is to ramp up global production. But in reality, the world’s farmers produce more than enough food to feed the global population, and in recent years, the world has witnessed record harvests of grain. There is no lack of food — there is only a lack of equality. Even with the lost exports from Ukraine, there is enough food for everyone.
The solution lies in supporting both urgent, emergency measures to save lives now, and by overhauling the systems that produce and distribute our food, so we can escape this terrible cycle. And the United States must lead the charge.
The US has already provided much-needed humanitarian assistance to the worst affected countries and regions around the world, including Ukraine and East and West Africa. In addition to this and other welcome actions, Congress must approve $5 billion in emergency spending in the Additional Ukraine Supplemental Appropriations Act to get assistance to people in need now. We’ve just seen this number met in House legislation — and the Senate should follow suit.
This urgent aid would prevent widespread starvation, child malnutrition, families being forced to leave their homes to find food, and other horrible, preventable and predictable consequences of mass hunger. These funds can also be used to get much-needed supplies like seeds, tools and fertilizer to farmers so they can recover and plant again.
The longer-term fix will depend on us investing in a more equitable global system for agriculture and food supply. Small-scale family farms feed one-third of the world’s population, and in Asia and sub-Saharan Africa they provide more than 70% of the food supply, but too often these vital operations are overlooked.
To address this, Congress should also expand and reauthorize the Global Food Security Act, which addresses many of the foundational inequities in the food system: First signed into law by President Obama in 2016 and reauthorized by President Trump in 2018, this legislation is due for reauthorization in 2023. This reauthorization is key, as it gives the government a strong, bipartisan legal mandate to prioritize this work.
The legislation works to empower farmers in low-income countries to build a stronger foundation so they are ready for the next drought, flood or distant conflict. It also emphasizes the needs of women, who are often overlooked as key guardians of food security in their households and communities. And it gives resources to those who suffer the worst consequences of the climate crisis, while contributing to it the least.
Hunger is unacceptable and preventable in the 21st century. Everyone should have access to affordable, healthy food. To witness millions living one step away from famine, while there is so much excess, is an abomination. Only the right political choices can end hunger. Congress and the Biden administration have an opportunity to show leadership, save lives, and take steps to fix our broken food system. They can do so by acting boldly to end this tragedy by investing quickly, generously and strategically in global food security — for everyone.