Expo 2030 Riyadh registration dossier receives final BIE approval in Paris    Ministry of Hajj suspends 7 Umrah companies over transport violations    Al-Daqal Castle: A timeless sentinel in the mountains of Abha    Saudi Arabia participates in CERF advisory group meeting in Geneva    Riyadh ranks 23, up 60 places, among top 100 emerging startup ecosystems globally    Mobile Festival across Riyadh features Dar wa Emaar's annual Eid Al Adha celebration The mobile festival reinforces the company's commitment to building vibrant communities and enhancing quality of life beyond unit delivery.    Trump abruptly leaves G7 Summit as Israel-Iran conflict intensifies    Iran launches fresh missile attack on Israel as conflict enters fifth day    15 killed in worst Russian strikes on Kyiv in almost a year    Jeddah Astronomy reports solar flare triggering geomagnetic storm    California doctor to plead guilty to supplying Matthew Perry with ketamine    Culture Ministry to present second edition of 'Terhal' performance in Diriyah this August    Saudi Arabia beat Haiti 1-0 to open 2025 Gold Cup campaign    Smart applications transform visitor experience and accelerate digital transformation in Saudi tourism    Riyadh residents to receive alerts on nearby infrastructure work    Saudi Arabia miss World Cup spot after Australia defeat, head to Asian playoff    Al Hilal president: No new signings for Club World Cup due to inflated demands    New York Gallery showcases AlUla Heritage sketches by French architect Heim    Saudi Arabia face uphill task against Australia in World Cup qualifier    Cowboy Beyoncé dazzles nearly sold-out stadium    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



War in Ukraine unleashing 'hell on earth' for food prices
Published in The Saudi Gazette on 08 - 03 - 2022

The head of the World Food Programme, David Beasley, has warned the conflict in Ukraine could send global food prices soaring, with a catastrophic impact on the world's poorest.
Ukraine and Russia are both major exporters of basic foodstuffs, and the war has already hit crop production, driving up prices.
Beasley said it was putting more people at risk of starvation worldwide.
"Just when you think hell on earth can't get any worse, it does," he said.
Russia and Ukraine, once dubbed "the breadbasket of Europe", export about a quarter of the world's wheat and half of its sunflower products, like seeds and oil. Ukraine also sells a lot of corn globally.
Analysts have warned that war could impact the production of grains and even double global wheat prices.
Beasley told BBC World Service's Business Daily programme that the number of people facing potential starvation worldwide had already risen from 80 million to 276 million in four years prior to Russia's invasion, due to what he calls a "perfect storm" of conflict, climate change and coronavirus.
He said certain countries could be particularly affected by the current crisis, due to the high proportion of grains they currently import from the Black Sea region.
"The country of Lebanon, 50%, give or take, of their grains, come from Ukraine. Yemen, Syria, Tunisia - and I could go on and on - depend on the country of Ukraine as a breadbasket," he said.
"So you're going from being a breadbasket to now, literally, having to hand out bread to them. It's just an incredible reverse of reality."
Norwegian chemical company Yara International, a major fertiliser producer which operates in more than 60 countries, told the BBC a shortage could badly hit crop yields, leading to "a global food crisis".
Ukrainian lawyer Ivanna Dorichenko, an expert in international trade arbitration, said some farmers in Ukraine have already abandoned their fields in order to take up arms against the Russian invasion.
She told the BBC: "The men who need to work on the land, they're all defending our land right now. Because if they do not defend the land, there'll be nothing to work on at a later stage, and you don't have a single person right now who's not trying to help in any way they can."
Dorichenko said the war had wreaked havoc with supply lines typically used to export agricultural produce. Ukraine's military suspended all commercial shipping at its ports in the aftermath of the Russian invasion.
"The vessels cannot leave the waters, the vessels cannot get loaded. It's effectively a war zone. Sadly, there's nothing which can be potentially shipped right now from Ukraine."
She said it meant "huge losses" for businesses, but also humanitarian efforts, because Ukraine could no longer send goods to regions such as South East Asia, the Middle East and Africa, as well as to groups such the World Food Programme.
With food price inflation already at crisis point in some countries prior to the outbreak of hostilities in Ukraine, South African economist Wandile Sihlobo said he was worried about the potential consequences for grain-importing nations in Africa and beyond.
Sihlobo, chief economist at the Agricultural Business Chamber of South Africa, told the BBC that while steep price rises may be a problem in the short-term, shortages of essential crops could follow.
"Over time, depending on the length and the severity of this war, you could begin to see shortages of shipments that come to the African continent, and that could cause shortages. Particularly in the North African countries, and to an extent in East Africa."
He added: "If you were to look at the global food price index, it was at multiple highs at the start of this year. This crisis already adds to that difficult environment for many consumers, particularly in the developing world."
On Monday, one of the world's biggest fertiliser companies, Yara International, warned the conflict could hit its industry, further affecting food prices.
Fertiliser prices had already been rising due to soaring wholesale gas prices. Russia also produces enormous amounts of nutrients, like potash and phosphate - key ingredients in fertilisers, which enable plants and crops to grow. — BBC


Clic here to read the story from its source.