Impact of Viral Outbreak COVID-19 on Food Security and Related Economic Consequences
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Abstract Globally, both in developing and developed countries due to the COVID-19 pandemic, there is a loss of income, many people ran out of livelihood, a change in the food environment occurred, social inequalities formed, country’s economy declined, food prices increased, which in return affected the food security and nutrition of the affected countries badly. COVID-19 impacted food security by causing a disturbance in food supply chains, global economic decline, and income losses. It also broadened social inequalities, caused disturbance to social protection programs, transformed the food environs, and increased the localized food expenses. The consequences of COVID-19 on food security include trade restrictions, hunger, unemployment, maternal and child health, and household food insecurity. Thus, to overcome the negative effects on COVID-19 or any other future crisis, every country needs to improve its food system and should achieve sustainable millennium goals.
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The COVID-19 pandemic has been shown to disrupt food supply chains and lead to increased food prices, further straining the economic stability of countries like Indonesia, where food availability decreased significantly during the pandemic.
“More recently, the COVID-19 pandemic has been shown to disrupt food supply chains and lead to increased food prices, further straining the economic stability of countries like Indonesia, where food availability decreased significantly during the pandemic (Akbar et al. 2022; Khawar et al. 2021).”
From Food Financialization: Impact of Derivatives and Index Funds on Agri-Food Market Volatility (2024) · cites this paper as Khawar et al. 2021
Sections 4.3 and 4.8 describe pandemic-related food-supply disruptions and price increases, and section 4.4 lists a 5.4% GDP decline for Indonesia. The paper does not establish that food availability decreased significantly in Indonesia or link its GDP decline specifically to higher food prices. (LLM, conf=0.88)
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Food Financialization: Impact of Derivatives and Index Funds on Agri-Food Market Volatility
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- Authors
- Khawar, S., Suleman, R., Akhtar, S., Riaz, M., Ismail, T., Ismail, A., & Hameed, A.
- Affiliations
- Bahauddin Zakariya University (PK)
- Venue
- Agricultural Sciences Journal
- Published
- 2021-12-31
- Volume
- 3
- Issue
- 2
- Pages
- 13-25
- ISSN
- 2707-9716 (ISSN-L)
- 2707-9724
- OpenAlex
- W4313689812
- Cited by
- 1
- References
- 44
- Citations by year
- 2024: 1
- FWCI
- 0.35
- Type
- journal article
- Language
- en
- Open access
- diamond
- dx.doi.org
- Licence
- cc-by-nc
- Locations
- Agricultural Sciences Journal (publishedVersion, cc-by-nc)
- Topics
- Life Sciences › Agricultural and Biological Sciences › General Agricultural and Biological Sciences › Food Security and Socioeconomic Dynamics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › COVID-19 Pandemic Impacts
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economics of Agriculture and Food Markets
- Keywords
- COVID-19 pandemic, food security, food prices, food supply chain disruption, income loss, social inequality, social safety nets, household food insecurity, hunger, unemployment, maternal and child health, food system resilience, economic impact
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