Tag: Food
WTO warns of ‘real’ recession risk in some major economies
The World Trade Organization warns of potential recession in major economies, with Ukraine crisis, inflation, and food prices contributing to economic uncertainty. Developing nations face significant economic challenges.
Food prices soar to record levels on Ukraine war disruptions
The UN Food and Agriculture Organization reports significant food price increases, with grains and vegetable oils reaching unprecedented levels. Russia's invasion of Ukraine has disrupted global food supply chains, potentially causing widespread hunger in Africa and the Middle East.
European inflation soars to a record 7.5% on fuel, food costs.
Eurostat reports eurozone inflation surged to 7.5% in March, the highest since 1997, as rising energy prices and the Ukraine war squeeze consumer spending. This marks the fifth consecutive month of record-breaking inflation, reflecting global economic challenges and increasing cost of living pressures.
Biden pledges new Ukraine aid warns Russia on chemical weapons.
President Biden and Western allies announced new sanctions, humanitarian aid, and refugee support for Ukraine. The U.S. will welcome up to 100,000 Ukrainian refugees and provide $1 billion in critical supplies, while leaders discuss potential responses to escalating Russian aggression.
Ukraine reports 300 dead in airstrike on Mariupol theater
In a tragic escalation of the Ukraine-Russia war, Ukrainian authorities reported 300 civilian deaths from a Russian airstrike on a Mariupol theater shelter. The March 16 bombing, marked with "CHILDREN" in large letters, has intensified allegations of war crimes against Russian forces.
Ukraine war imperils wheat, but farmers are in no rush to pivot.
The Ukraine-Russia conflict threatens wheat exports, with farmers cautiously considering planting adjustments. Global food supply chains face disruption as these countries traditionally supply a third of global wheat and barley exports, critical for millions relying on subsidized bread and affordable staples.
High energy costs trigger unrest in parts of Europe.
Amid Russia's war in Ukraine, European countries face mounting energy costs, triggering widespread protests. Spain deployed over 23,000 police to manage trucker strikes, while French and Greek farmers block highways, highlighting the economic strain of high fuel prices and inflation.
High energy costs trigger unrest in parts of Europe.
High energy costs are triggering widespread unrest across Europe. Spain has deployed over 23,000 police to manage protests, while farmers in France and Greece block highways. Russia's war in Ukraine has exacerbated the situation, driving record inflation and making fuel and essential supplies significantly more expensive.
Russia-Ukraine war in the world’s ‘breadbasket’ threatens food supply.
The Russian invasion of Ukraine has severely impacted agricultural production in the world's "breadbasket" region. Ukrainian farmers can't tend fields, ports are closed, and wheat exports are disrupted, potentially causing global food shortages and price increases starting in July.
World food price index surges in May to the highest level since 2011 –...
The FAO Food Price Index surged in May to its highest point since 2011, marking the 12th consecutive month of increases. Prices have risen 4.8% compared to April 2021 and nearly 40% since May 2020, reflecting significant global food market volatility and potential economic challenges.
