Global Food Crisis and Its Causes: the EUs Response Domestically and Globally

In 2022, a global food crisis broke out due to three main factors. The first is climate change, which is related to the harvest, other measures related to the COVID-19 pandemic, which have disrupted the supply chain, and the last decisive one is the ongoing war in Ukraine. These factors primarily caused shortages in the supply of cereals, which we will focus on in our research. The main goal of paper is to evaluate the development of purchase, sales and consumer prices of selected cereals and cereal products in the Slovak Republic. We focus on the prices of food wheat, food rye, wheat-rye bread, fat roll and semi-coarse wheat flour for the period January July 2022. Based on the research results is evident that the purchase prices of wheat had mostly a rising trend, and they grew the most in April 2022. In May 2022, the price of food wheat had reached its maximum, up to EUR 362.33 per ton. The growing price of food also caused the growth of consumer prices of wheat products. Compared to January 2022, all examined consumer prices were higher in July 2022, the price of selected semi-coarse wheat flour grew the most, by almost 50% during analysed period.