Abstract
So far, all countries around the world have to deal with the Covid-19 challenge. As imperative, it includes providing food security subject to pandemic restrictions and consequences. The study purpose took focus on exploring price dynamics observed for basic crop and animal products. The research hypothesis supposed different volatility of their prices linked with a certain similarity across the considered Eastern European countries. The utilized methods involved candlestick charting and analysis of variance ANOVA to compare the food price indices and changes in times of the Covid-19 between February and December 2020 with regard to the corresponding preCovid-19 period. The research findings revealed stable pricing for bread and cheese with fluctuations below 4%. The study outcomes indicated the most disruptive Covid-19 impact on potato and pork. The latter largely associated with Hungary, Poland, Romania, and Slovakia. Prices for sugar and eggs in Ukraine gained by 46.2% to 30.4% and illuminated unhealthy shifts in dietary patterns. The basic research conclusions are as follows. Firstly, food chains in animal husbandry need special enhancements to face the Covid19 crisis. Secondly, the evidenced price volatility coupled with the decreasing purchasing power are the reasons to concern on providing balanced nutrition and healthy diets in Ukraine and the neighboring EU countries.
Highlights
Mankind has to face a new global challenge of the ongoing Covid-19 pandemic
The research empirical outcomes derived from official statistics about Ukraine (State Statistics Service of Ukraine, 2021) and the EU countries (EUROSTAT, 2021)
The performed calculations on comparing food price changes and indices drew on panel data about ten crop and animal products in five countries according to the accessible time frame of the Covid-19 period, i.e. March to December 2020 and
Summary
Mankind has to face a new global challenge of the ongoing Covid-19 pandemic. It affects people’s health and livelihoods, disrupts economy and exacerbates food security. The latter implies diminishing food availability and affordability owing to ruined food chains and reduced purchasing power of consumers across the world. It is hard to forecast exact scope, scale and duration of the unfolding Covid consequences. Scholars should make their relevant contribution in order to mitigate such negative outcomes. One of plausible approaches originates from comparing experiences in fighting against Covid-19
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