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All Journal EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis
Laksmono, Rudi
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Energy Other

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Root Cause Analysis (RCA) of Global Wheat Price Volatility: A Study of Influential Factors Amidst the 2022 Russia-Ukraine Conflict Kumara, Aditya; Octavian, Amarulla; Swastanto, Yoedhi; Laksmono, Rudi
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 14 No 2 (2026): April
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v14i2.9597

Abstract

The 2022 Russia-Ukraine conflict triggered significant disruptions to global food stability. As wheat producers accounting for 34.1% of the world's supply, the conflict caused prices to surge to $1400 per ton in March 2022, up from a previous average of $800–$900 per ton. The most severe impact was felt in the heavily import-dependent Middle East and North Africa (MENA) region, affecting countries such as Somalia (100%), Egypt (84%), and Sudan (75%).This research utilizes Root Cause Analysis (RCA) based on a literature review to identify the root causes of the crisis. The findings point to three primary factors: export restrictions (the Black Sea blockade), damage to agricultural infrastructure, and a reduction in human resources. Recommended solutions include diversifying food sources, establishing strategic reserves, and strengthening domestic food security. These findings underscore the need for a structural approach, rather than merely short-term mitigation, in confronting global food crises.
Co-Authors Amarulla Octavian Kumara, Aditya Swastanto, Yoedhi