Global food prices jumped to a new record Average in March like a war in Ukraine caused disturbance in markets for The United Nations food agency said on Friday that essential grains and edible oils.
Food and Agriculture Organization (FAO) price The Food Commodity Index, which measures the most traded food commodities globally, averaged 159.3 points last month vs. 141.4 over revised for February.
The February number was previously set at 140.7, which is equivalent to record on time.
Russia and Ukraine are both major exporters of Wheat, corn, barley and sunflower oil via Black Sea and Moscow six-Since a week invasion of Its neighbor has suspended Ukrainian exports.
turbulence in Export flows generated from February 24 invasion And international Penalties against Russia raised concerns of a global hunger crisis, particularly in the Middle East and Africa, where-on Archaeology already playing out.
The Food and Agriculture Organization has warned last The month that can food and feed prices rise by up to 20% result of dispute in Ukraine, resulting in jump in global Malnutrition.
Global food commodity prices made big jump in march to reach them highest Ever, like war in Black Sea region Shocks through the markets for “Essential cereals and vegetable oils,” the FAO said. in Declaration.
an agency also cut appreciated of world wheat production in 2022 to 784 million tons on Friday of predictions of 790 million last month as analyzed in factors in Chances are it’s at least 20% of Winter crop in Ukraine area It will not be harvested.
downgraded of global cereal trade in Marketing 2021/22 year The disruption to Black Sea exports was seen to be only partially offset by increased exports from India, the European Union, Argentina and the United States.
Famine fears
Russia and Ukraine together accounted for for about 30% and 20% of global wheat and maize exports respectively, over The past Three years, FAO said.
The war is still raging as the sowing season begins in Ukraine.
Wheat prices rose by nearly 20%, with The problem exacerbated by fear over Crop conditions in United State organization She said.
FAO vegetable oil price The index rose 23.2%, driven by higher quotes for sunflower seed oil, of Which Ukraine is world’s leading source.
Spanish supermarkets legalized sales of Sunflower oil to stop stocking customers over Shortage fears due to war.
The United States accused Russian President Vladimir Putin of creating “This is amazing global food crisis.”
France warned that the war had increased risk of famine around world.
his conflict also It caused oil and gas prices to skyrocket, causing inflation rise More via the world And it raises fears that he might get derailed global economic growth.
