What Food Shortages Are Coming 2024. Recent wars have also given rise to concerns about shortages, with increases in fuel costs and grain prices following russia’s invasion of ukraine, and war. As we step into 2024, the landscape of the food industry is approaching significant changes.
Since the last update on june 27, 2024, the agricultural and export price indices closed 1 and 2 percent higher, respectively; Conflict, economic shocks, climate extremes and soaring fertilizer prices are combining to create a food crisis of unprecedented proportions.