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Russia’s aggression against Ukraine has severely affected markets and caused food prices to rise.
According to the UN food prices have reached the highest level ever recorded worldwide. According to the World Food and Agriculture Organization (FAO), the relevant index has increased from February to March this year by 12.6%.
Russia’s aggression against Ukraine and the ongoing war have caused “a shocking wave” in world food marketsaid FAO.
Ukraine and Russia are important countries where wheat, corn and sunflower are grown. Ukraine is also the largest food supplier of the World Food Program (WFP). WFP distributes food to 125 million people in over 80 countries worldwide. If the fields in Ukraine are not cultivated now, there will be no harvest and grain exports through Ukrainian ports will remain blocked due to the war, the situation for many countries and crisis areas will become very critical.
Due to the war in Ukraine as well as economic sanctions against Russia, exports and supply chains have been disrupted, which has severely affected markets and caused food prices to rise.
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