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Economy

“Food crisis grows as spiraling prices spark export bans”

“…The conflict in Ukraine is threatening global grain production, the supply of edible oils and fertiliser exports, sending basic commodity prices rocketing and mirroring the crisis in energy markets… Palm oil prices have risen by more than 50% this year….

Russia and Ukraine are also important suppliers of edible oils as well as contributing nearly 30% of global wheat exports…”

https://www.reuters.com/world/food-crisis-grows-spiralling-prices-spark-export-bans-2022-03-09/

The war in Ukraine did not start the food shortage. It was here before the war because of the covid lockdowns. It caused a supply chain breakdown. The war didn’t do it. It’s only adding flame to the fire.

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