Another Disaster Looms From Russia’s Invasion
Pakistan’s foreign minister, Hina Rabbani Khar, during a panel session at the World Economic Forum in Davos, Switzerland, on May 24.
Photographer: Hollie Adams/BloombergFor months the world has been fretting about rising energy prices, which were given a further jolt from the war in Ukraine. Now it’s waking up to the potential for a full-blown food crisis.
In the Swiss Alps this week, at the first in-person World Economic Forum in two years, the chatter in the hallways, at dinners and on shuttle buses was frequently about one thing: the worry that shortages of agricultural commodities and spiking prices could reverberate well beyond the traditional buyers of Ukraine’s grains.