How did the Russia-Ukraine war trigger a global food crisis?
Arif Hussain, Chief Economist of the World Food Program, said in an interview that the continuation of the war between Ukraine and Russia will continue to increase food prices.
He said that it is not possible to reduce the prices of food items as a result of the Ukraine conflict affecting the supply line and climate change.
He added that the Ukraine-Russia war has provided ‘further fuel to an already burning fire.
Ukraine is the world’s leading exporter of wheat, corn, and sunflower, and its exports have suffered since the Russian invasion.
According to Arif Hussain, the global food crisis is due to rising prices rather than availability.
He said that food is available, but due to the high price, it is becoming out of reach.
According to United Nations data, global food prices were 13 percent higher in July 2022 than in the same period last year, and the increase in prices is continuing.
The continuous increase in the prices of fertilizers is also the reason for the increase in the prices of food items.
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The reason for the increase in fertilizer prices is Russia’s restriction on fertilizer export.
Arif Hussain said that if the supply of fertilizer is not restored, it will not be possible to overcome the food crisis.
He further said that the United Nations estimates that the number of people deprived of food around the world has reached 34 million, which was 13.5 million in 2019.
Similarly, due to the increase in the prices of energy sources and affecting the supply chain, the situation has worsened and according to the World Bank, there is no possibility of improvement in the situation for the next 2 years.