Sunday, 20 March 2022

WAR IN UKRAINE AND FOOD PRICES

                                    


                                              The Breadbasket of Europe 

 

The head of the World Food Programme, David Beasley, has warned “The conflict in Ukraine could send global food prices soaring, with catastrophic impact on the world’s poorest.

 

Ukraine and Russia are both major exporters of basic foodstuffs and the war has already hit crop production, driving up prices.  Mr Beasley said it was putting more people on the list of starvation worldwide. 


"Just when you think hell on earth can't get any worse it does," he said    


Russia and Ukraine, called the breadbasket of Europe, export about a quarter of the world's wheat and half of its sunflower products such as seed and oil. Moreover, Ukraine also sells tons of corn globally.  


Analysts have warned that war could impact the production of grains and even double global wheat prices.   


Mr Beasley told BBC Services's Business Daily programme that the number of people facing potential starvation  worldwide have alreday risen to 275 million .     

 

 

                                                                                                                                  

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