Ukraine war has stoked global food crisis that could last years, says UN
The United Nations has warned that the war in Ukraine has helped to stoke a global food crisis that could last years if it goes unchecked, as the World Bank announced an additional $12bn in funding to mitigate its “devastating effects”.
UN secretary general António Guterres said shortages of grain and fertiliser caused by the war, warming temperatures and pandemic-driven supply problems threaten to “tip tens of millions of people over the edge into food insecurity”, as financial markets saw share prices fall heavily again on fears of inflation and a worldwide recession.
Speaking at a UN meeting in New York on global food security, he said what could follow would be “malnutrition, mass hunger and famine, in a crisis that could last for years”, as he and others urged Russia to release Ukrainian grain exports.
He said he was in “intense contact” with Russia and other countries to try to find a solution.
“The complex security, economic and financial implications require goodwill on all sides for a package deal to be reached,” he said of his discussions with Moscow, Ukraine, Turkey, the US, the European Union and others. “I will not go into details because public statements could undermine the chances of success.”
Moscow’s invasion of Ukraine and international economic sanctions on Russia have disrupted supplies of fertiliser, wheat and other commodities from both countries, pushing up prices for food and fuel, especially in developing nations. Together the warring nations produce 30% of the world’s wheat.
Before the invasion in February, Ukraine was seen as the world’s bread basket, exporting 4.5m tonnes of agricultural produce per month through its ports – 12% of the planet’s wheat, 15% of its corn and half of its sunflower oil.
B
Read more on theguardian.com
![Can Ethereum Classic’s [ETC] breakout trigger a rally or is it a bull trap](https://fvbb.com/storage/thumbs_400/img/2022/6/18/29643_a5e.jpg)
![How Tron [TRX] is managing to keep its boat afloat amid looming depegging fears](https://fvbb.com/storage/thumbs_400/img/2022/6/18/29638_spf.jpg)
