FAO said the war in Ukraine was largely responsible for the 17.1% rise in the price of grains, including wheat and others like oats, barley and corn.
While predictable given February's steep rise, “this is really remarkable,” said Josef Schmidhuber, deputy director of FAO's markets and trade division. “Clearly, these veryThe biggest price increases were for vegetable oils: that price index rose 23.2%, driven by higher quotations for sunflower seed oil that is used for cooking. Ukraine is the world's leading exporter of sunflower oil, and Russia is No. 2.
Soaring food prices and disruption to supplies coming from Russia and Ukraine have threatened food shortages in countries in the Middle East, Africa and parts of Asia whereThose nations rely on affordable supplies of wheat and other grains from the Black Sea region to feed millions of people who subsist on subsidized bread and bargain noodles, and they now face the possibility of further political instability.
“There is a sharp deterioration of the food and nutrition security in the region,” he told reporters, saying 6 million children are malnourished and nearly 16 million people in urban areas are at risk of food insecurity.
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