Global Food Shortages Anticipated By UN In Light Of Ukrainian Invasion.

As the situation in Ukraine continues, the UN’s Food and Agriculture Organization (FAO) warned on Friday that global food prices might jump by 20% from present levels. According to the FAO, Ukraine’s agriculture economy has been affected by Russia’s invasion, making it doubtful whether the country will be able to harvest crops this year. Russia and Ukraine contribute for a quarter of global wheat trade, a fifth of global corn commerce, and 12% of global calorie trade. Due to the inability to export critical farm goods from the region, the FAO believes that global food prices, which are already at record highs, might rise another 8% to 20%. In a statement, FAO Director-General Qu Dongyu said, “The expected disruptions to agricultural activity of these two important exporters of staple commodities might substantially aggravate food insecurity globally.” “International food and feed…

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