June 12, 2022
1 min read

‘Ukraine war could add 19 mn more to hunger crisis’

Belhassen said that higher international food prices are projected to increase global food import bills to a record $1.8 trillion in 2022….reports Asian Lite News

Russia’s ongoing war in Ukraine has a significant impact on the global food markets and could leave an additional 11 to 19 million people with chronic hunger, the UN’s Food and Agricultural Organization (FAO) warned.

FAO spokesperson Boubaker Ben Belhassen told reporters that the two warring nations are major producers of agricultural commodities in the world, with a combined share of around 30 per cent of global wheat exports, reports Xinhua news agency.

The countries impacted most by the conflict are in the north African region, he said.

The spokesperson cited the FAO’s latest food outlook report, which pointed to a likely tightening of food commodity markets in 2022 due to the “soaring input prices, concerns about the weather, and increased market uncertainties”.

Belhassen said that higher international food prices are projected to increase global food import bills to a record $1.8 trillion in 2022.

“Higher import bills mainly reflected higher unit costs rather than higher volumes, with many countries, especially the economically vulnerable ones, set to face higher bills while importing smaller volumes,” he added.

ALSO READ: UK defence chief promises military aid to Ukraine

Previous Story

Iran, Venezuela sign 20-yr partnership agreement

Next Story

Ethiopia launches new Covid-19 vaccination campaign to boost inoculation

Latest from -Top News

India Tightens Checks on Chinese Imports

India has ramped up monitoring of Chinese imports amid growing concerns of cheap goods being redirected into the Indian market following the United States’ steep tariff hike on Chinese exports. Commerce Secretary

Economists Warn of Impending US Recession

Leading global brokerages and economists are sounding alarm bells over the likelihood of a US recession, following the Donald Trump administration’s announcement of sweeping reciprocal tariffs on foreign imports. JPMorgan Chase &

Trump tariffs send world markets into panic

US benchmark crude oil shed $2.70 to $64.25 a barrel after major oil producers announced they plan to increase production. Brent crude, the international standard, was down $2.63 at $67.51 a barrel
Go toTop

Don't Miss

Brazil’s Lula stresses Russia-Ukraine direct talks

Lula arrived in Lisbon on Friday on his first visit

India again abstains on UN resolution on Ukraine

The resolution was adopted by 141 votes, with seven against