The UN Food and Agriculture Organization is concerned about rising food prices and the poorest at risk of starvation.
The purchasing power of “vulnerable” consumers and countries is significantly reduced due to rising food prices. The Food and Agriculture Organization of the United Nations (FAO) is concerned about the rising cost of food. In just over a month, from mid-February to early April, the price index rose by a record 12.6%, according to Voice of America, citing the FAO.
Prices for basic foodstuffs, such as wheat and vegetable oils, have risen sharply recently, creating extraordinary costs for global consumers, especially the poorest,” said FAO Director-General Qu Dongyu.
The situation on the world food market is influenced by Russia's military aggression against Ukraine. After all, Ukraine is one of the world leaders in the export of wheat, corn and sunflower oil. Sanctions against the Russian Federation also play an important role, as the cost of fuel is directly rising.
One way or another, almost everyone will feel the rise in prices. Particularly at risk are “vulnerable consumers” and countries with correspondingly declining purchasing power.
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“Prices for grain, vegetable oils and meat have reached historic Sugar and dairy prices have also risen significantly, ”said Ben Belhassen, director of FAO's Bubecker Trade and Markets Division.
products has reached its all-time high since its inception in 1990. Among the key factors influencing the cost of food are the unfavorable climate, rising prices for fuel, energy and fertilizers, and the partial impact of the COVID pandemic.
” This raised prices even before the war in Ukraine, “Belhassen said. “Interruptions in exports due to the conflict in Ukraine have exacerbated the already difficult situation, increasing pressure on prices.”
6 large granaries have already been destroyed in Ukraine.
