11/14/2023 0 Comments Food expenses meaningAnd the strong crop yields do not translate to better access to food. ![]() Nevertheless, the high production level can only just keep up with the increased global demand. In North America, farmers have increased their acreage in response to high grain prices, and the outlook for corn plantings in Brazil is also favorable. ![]() The Food and Agriculture Organization of the United Nations (FAO) forecasts global wheat production of 784 million tons in 2023, which would be the second highest since records began. In February 2023, the UN Food Price Index stood at around 130 points, below the record level of almost 160 points caused by the war in Ukraine – but still well above the September 2020 level, when the FFPI stood at just under 100 points.įorecasts for cereal harvests are good. Prices have fallen not only for cereals but also for vegetable, oils and dairy products. Since the UN Food Price Index (FFPI) peaked in March 2022, the international level for food prices has been falling again. Both countries are among the leading suppliers of maize, wheat and sunflower oil globally.ĭonate now for people affected by the war in Ukraine Russia's war in Ukraine had already caused prices for energy and agricultural products to skyrocket dramatically. " Renewed price increases will exacerbate the food situation for millions of people in these countries," says Welthungerhilfe (WHH) Secretary General Mathias Mogge. These include Yemen, Sudan, Somalia and Kenya, among others. This increase has a particularly dramatic impact on countries already affected by hunger due to armed conflicts or droughts and other consequences of climate change. However, Russia is now insisting on sanctions relief on its food exports before agreeing to another deal extension.Īs a result, food prices worldwide could rise sharply again, causing more hunger, especially in countries of the Global South that rely directly on grain imports from Ukraine. The agreement, which the countries had previously extended several times, allowed Ukraine to send cargo ships out of Ukrainian ports and safely pass through the Black Sea controlled by the Russian fleet until July 17. Russia has rejected an extension of a deal that allowed the export of more than 35 million tons of Ukrainian grain to 45 countries in the past year. ![]() +++ Latest News: Black Sea Grain Initiative halted by Russia +++
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