Assessment: “Wheat futures have surged by more than 40% over the last five days, on track for the biggest weekly rise since at least 1959,” reported the outlet. High prices are only a part of the problem. Some countries might soon be brought to starvation
The war in Ukraine will most likely disrupt the global food supply chains, which will drastically undermine food security worldwide. Hunger will likely become a reality for some 474 million people living in Northern Africa and Middle East (MENA) countries in the near future, warn economists.
Some of the Ukrainian cities, such as Kiev, the capital, and Kharkov, the country’s second largest city, are already seeing severe food shortages due to the ongoing Russian attack, but it is only a tip of the iceberg.
““You have sown much, and bring in little; You eat, but do not have enough;
You drink, but you are not filled with drink; You clothe yourselves, but no one is warm; And he who earns wages, Earns wages to put into a bag with holes.” Haggai 1:6
“The bullets and bombs in Ukraine could take the global hunger crisis to levels beyond anything we’ve seen before,” said World Food Programme’s (WFP) Executive Director David Beasley on Friday. He added, “This is not just a crisis inside Ukraine. This is going to affect supply chains, and particularly the cost of food.”
The WFP, an agency of the United Nations, is warning, “The Russian Federation and Ukraine are responsible for 29% of the global wheat trade. Any serious disruption of production and exports from the region could push food prices beyond their current 10-year highs.”
The WFP said that before the war, it was purchasing around half of its wheat from Ukraine to feed hungry people in countries such as Yemen, Ethiopia, and Syria. The agency added that the conflict will drive the operation costs by $15 million per month, meaning “less people are going to get food, which means more people are going to go to bed hungry,” per the agency.
The price of wheat is soaring globally. “The Russia-Ukraine war is fueling the ‘biggest supply shock to global grain markets’ in living memory,”
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