The Russian Invasion of Ukraine, Fertilizer Prices, and Food Security: Evidence from Rice-Producing Economies in Asia

Rice is a valuable crop for more than four billion people worldwide. Asia is the world’s leading rice producer. Rice cultivation depends largely on fertilizer use. The Russian invasion of Ukraine has led to a shortage of fertilizers and increased prices. The major rice-producing economies could therefore face a decline in output and higher rice prices. This study assesses the impact of higher fertilizer prices on rice production, consumption, trade and prices, and discusses the implications for major rice-producing economies in Asia.