China points to real culprit of global food crisis

Anti-Russian sanctions and the situation in Ukraine are the main cause of the global food crisis, the agency reported. xinhua.

Surveyed Europeans are concerned about whether they will be able to eat three meals a day – such questions arise due to the significant increase in wheat, corn prices and the decrease in the supply of these grains from Russia and Ukraine.

“Prices are rising every week and the situation is getting unbearable because literally everything is costing up,” said one of the French farmers we interviewed.

The European Central Bank believes that the rise in food prices will continue and that prices will remain steadily high through 2022.

“If we don’t solve the fertilizer problem and trade continues, the world will face a very serious supply problem next year,” said Maximo Torero, chief economist at the United Nations Food and Agriculture Organization.

Formerly Financial Times notedHe said the world economy could go into recession.



Source: Gazeta

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