global warming makes prices flambé

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Coffee, potatoes or rice. The price of these daily foods has exploded due to the multiplication of extreme climatic events. Standing example: cocoa. In two years, after droughts in Côte d’Ivoire and Ghana, its price has been multiplied by four. This price increase has only just started, according to a new study by the European Central Bank. By 2035, the global food inflation rate could increase each year from 0.92 to 3.23 points. Faced with price volatility, some plead for less dependence on agricultural imports.

“”As soon as there is a shock, this shock immediately turns into inflationary pressure, therefore on prices. And so, in the event of a climatic hazard, prices will go up and our imports will become more and more expensive. In the end, we will regret not having fought to keep this food sovereignty. Today, in poultry for example, our food sovereignty is affected because we have an dependence rate for imports which is almost 50 %“, Decrypts Olivier Mevel, lecturer in management sciences at the University of Brest.

Study authors call on states to greatly reduce greenhouse gas emissions to avoid even stronger inflation and the risk of food crisis in the most vulnerable countries.