Abstract
Abstract The Ukraine and Russia play important roles for global food security as major exporters of agri-food products. The study of Berndt et al. (2022) uses global computable equilibrium models to analyse how the war in Ukraine could affect global agri-food prices and finds that export restrictions from Ukraine and Russia can considerably increase global grain and oilseed prices. In the long-run, these price increases can be reduced through increased production and exports from other countries. However, some price increases, especially for sunflower oil, would remain permanent.
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