Searchlight Logo
special_image

    • News
      • Front Page
      • News
      • Breaking News
      • Press Release
      • Features
      • Special Features
      • From the Courts
      • Sports
      • Regional / World
    • Opinions
      • Editorial
      • Our Readers’ Opinions
      • Bassy – Love Vine
      • Dr. Fraser- Point of View
      • R. Rose – Eye of the Needle
      • On Target
      • Dr Jozelle Miller
      • The World Around Us
      • Random Thoughts
    • Advice
      • Kitchen Corner
      • What’s on Fleek this week
      • Health Wise
      • Physician’s Weekly
      • Business Buzz
      • Hey Rosie!
      • Prime the pump
    • ePaper
    • Obituaries
      • In Memoriam / Acknowledgement
      • Tribute
    • Contact Us
      • Advertise With Us
      • Letters To The Editor
      • General Contact Information
      • Contact our Webmaster
    • About Us
      • Interactive Media Ltd
      • St. Vincent & the Grenadines
    • Subscribe
    • News
      • Front Page
      • News
      • Breaking News
      • Press Release
      • Features
      • Special Features
      • From the Courts
      • Sports
      • Regional / World
    • Opinions
      • Editorial
      • Our Readers’ Opinions
      • Bassy – Love Vine
      • Dr. Fraser- Point of View
      • R. Rose – Eye of the Needle
      • On Target
      • Dr Jozelle Miller
      • The World Around Us
      • Random Thoughts
    • Advice
      • Kitchen Corner
      • What’s on Fleek this week
      • Health Wise
      • Physician’s Weekly
      • Business Buzz
      • Hey Rosie!
      • Prime the pump
    • ePaper
    • Obituaries
      • In Memoriam / Acknowledgement
      • Tribute
    • Contact Us
      • Advertise With Us
      • Letters To The Editor
      • General Contact Information
      • Contact our Webmaster
    • About Us
      • Interactive Media Ltd
      • St. Vincent & the Grenadines
    • Subscribe
The Case for Food Security and Energy Independence
The World Around Us
March 4, 2022

The Case for Food Security and Energy Independence

With the outbreak of war in Ukraine after the Russian invasion, many around the world are worried that an extended conflict could raise food and energy prices to near unsustainable levels. Prior to the conflict, global food prices were already at their highest point in a decade, largely because of volatile climate conditions such as droughts and overly heavy rainfall, as well as the broader supply chain bottlenecks caused by the novel coronavirus (COVID-19) pandemic. Since the conflict started, oil prices have also soared past US$100 per barrel, the highest since 2014.

Both Russia and Ukraine are major food producers and exporters, as well as inputs for agriculture such as fertilizers. Combined, the two countries are responsible for the following percentage of global exports of key agricultural products:

  • 57 percent of sunflower seed, safflower and cottonseed oil;
  • 26 percent of wheat and meslin;
  • 24 percent of barley;
  • 24 percent of linseed; and
  • 14 percent of fertilizers.

Disruptions in these exports will likely increase the food insecurity of many countries, especially net food importing countries.

This insecurity would stem not only from the lack of availability of the products in question themselves, but also due to the impact on other goods which rely on them for finishing. Small Island Developing States (SIDS) are particularly vulnerable, as they tend to be net food importers.

As far as energy is concerned, Russia is the world’s third-biggest oil producer and second-biggest producer of natural gas. At the time of writing, West Texas Intermediate (WTI) oil was trading at US$95.56 per barrel. Meanwhile, Brent oil was trading at US$100.55 per barrel. Since the start of the year, WTI prices have increased by close to 27 percent, while Brent has soared 33 percent. Some analysts are predicting that if the war is prolonged, oil prices could rise as high as US$170-180 per barrel by the end of the year.

The global economic contagion stemming from the war in Ukraine underscores the need for countries, especially SIDS, to pursue greater food security and energy independence. Even before the war, the Food and Agriculture Organization (FAO) of the United Nations (UN) had recognized the importance of improving the production of nutritious, local food in SIDS. According to the FAO, imports are by far the largest source of food in SIDS. Where the Caribbean is concerned, in at least seven islands, more than 80 percent of food comes from imports.

The policy implication of this is that more SIDS need to focus on increasing local food production, including through substituting imported products for local ones as inputs into finished goods. For example, rather than wheat flour for bread, flour can be derived from sweet potato, breadfruit and coconut. Such a policy would require committing more land, technical assistance and money for food production and industrial capacity.

In terms of energy, SIDS would need to intensify efforts to integrate more energy from sources which are naturally available to them, such as the sun, into their local energy grids. This may require providing incentives to homeowners to install solar panels. Similarly, businesses can be incentivized to pursue net-zero emissions policies. National power companies would also need to pursue with haste, the decoupling of national power grids from fossil fuels in favour of renewable sources of energy.

Furthermore, the tax structures around the importation of hybrid and fully electric vehicles may need to be revisited in a bid to influence consumer behaviour in the direction of energy efficient driving.

Finally, no country would ever be able to grow and produce all of its food. Similarly, few countries would achieve 100 percent energy independence in the near future. However, pursuing policies which bolster both food security and energy independence would help to create a buffer from global developments such as major conflicts or pandemics.

Joel K Richards is a Vincentian national living and working in Europe in the field of international trade and development.
Email: joelkmrichards@gmail.com

  • FacebookComments
  • ALSO IN THE NEWS
    Domestic worker killed at Long Wall
    Front Page
    Domestic worker killed at Long Wall
    Webmaster 
    September 12, 2025
    FAMILY MEMBERS of a woman who was killed at Long Wall say they suspect their relative was hacked by a person they all know very well. On Tuesday, Sept...
    NDP never built a single house in SVG – Finance Minister
    Front Page
    NDP never built a single house in SVG – Finance Minister
    Webmaster 
    September 12, 2025
    THE IDEA THAT HOUSING is a right, that every Vincentian has a right to safe and secure housing, and that the government has a role to play in ensuring...
    No bail for Police officer charged with attempted murder
    Front Page
    No bail for Police officer charged with attempted murder
    Webmaster 
    September 12, 2025
    A POLICE OFFICER, who allegedly stabbed his ex-girlfriend 26 times about her body was remanded even as his lawyer argued that the Royal St Vincent and...
    New ULP Administration will roll out AI policy
    Front Page
    New ULP Administration will roll out AI policy
    Webmaster 
    September 12, 2025
    A NEW UNITY LABOUR PARTY ADMINISTRATION will be rolling out an Artificial Intelligence (AI) policy to embrace its positives and guard against the nega...
    Sandy Bay Secondary School marks 20th Anniversary
    Front Page
    Sandy Bay Secondary School marks 20th Anniversary
    Webmaster 
    September 12, 2025
    TUESDAY, SEPTEMBER, 9,2025 was a memorable day for the staff and students of the Sandy Bay Secondary School, which was marking its 20th anniversary wi...
    Foundation implements community driven project in SVG
    News
    Foundation implements community driven project in SVG
    Webmaster 
    September 12, 2025
    THE ASHLEY LASHLEY Foundation, with support from the United States Government, is implementing a local-level project entitled “Community-Driven Strate...
    News
    Foundation implements community driven project in SVG
    News
    Foundation implements community driven project in SVG
    Webmaster 
    September 12, 2025
    THE ASHLEY LASHLEY Foundation, with support from the United States Government, is implementing a local-level project entitled “Community-Driven Strate...
    Skills not available locally, non-nationals have to be hired says Finance Minister
    News
    Skills not available locally, non-nationals have to be hired says Finance Minister
    Webmaster 
    September 12, 2025
    NON- NATIONALS ARE being hired to fill several jobs in St Vincent and the Grenadines (SVG) simply because locals did not have the required skill sets....
    Montgomery Daniel squashes rumours that he’s sick
    News
    Montgomery Daniel squashes rumours that he’s sick
    Webmaster 
    September 12, 2025
    DEPUTY PRIME MINISTER Montgomery Daniel has sought to clear around rumours that have been circulating relating to his health. Speaking on NBC radio on...
    $1.3 billion in Tourism investment to yield 2,000 jobs – Camillo
    News
    $1.3 billion in Tourism investment to yield 2,000 jobs – Camillo
    Webmaster 
    September 12, 2025
    The GOVERNMENT of St Vincent and the Grenadines is set to sign agreements for tourism investment of $1.3 billion on mainland St.Vincent. On Monday, Se...
    Bagga’ man pleads guilty to illegal gun, ammo possession
    From the Courts, News
    Bagga’ man pleads guilty to illegal gun, ammo possession
    Webmaster 
    September 12, 2025
    A BARROUALLIE MAN will be sentenced next week after pleading guilty to being in illegal possession of a firearm and eight rounds of ammunition. Demron...

    E-EDITION
    ePaper
    google_play
    app_store
    Subscribe Now
    • Interactive Media Ltd. • P.O. Box 152 • Kingstown • St. Vincent and the Grenadines • Phone: 784-456-1558 © Copyright Interactive Media Ltd.. All rights reserved.
    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok