Fears of increasing hunger around the world
Food left for less than three days
The French government is thinking of distributing food vouchers for the hungry. At the same time, a commodities trading company says that the supply of diesel is so low that it is time to shut down their pumps. Many refugees from Ukraine are moving to neighboring countries. These people do not have the capacity to meet their needs. In some areas of Ukraine, there is less than three days of food left. Mercy Corps, an agency helping people, has warned that the humanitarian system in the country is completely broken. According to the report, about 70 percent of the population of Kharkiv and Sumi are completely dependent on aid. According to the spokesman of the Ukrainian Foreign Ministry, medical supplies have also been completely broken in some places in Ukraine.
Bad conditions for poor countries
Due to increase in gas prices and decrease in the supply of fertilizers, there is a jump in the prices of food items. The prices of wheat, corn, vegetable oils and soybeans are sky high. In such a situation, the problem has increased for those countries which are already suffering from food insecurity. Developing countries are also beginning to see a major impact of the increase in prices.
France is bringing food vouchers system
The French President said that the government is considering introducing food vouchers to help middle and lower-middle families. He named this problem ‘Global Food Crisis’. He said in an interview on Tuesday, ‘I want to bring a food voucher system, so that middle and lower class families can get food easily.’
flame on plate
Let us inform here that the prices of wheat have reached the sky at the global level. This is because supplies are not coming from Russia and Ukraine, the largest wheat producing countries. Fertilizers are in short supply and energy prices have gone up. Its impact has also reached the country’s largest economy. US food prices rose one percent in February. Egypt had to fix bread prices this week due to rising prices due to supply chain disruptions. Within three weeks of Russia’s attack on Ukraine, non-subsidised bread prices have jumped 25 percent in many places.
Crude oil crisis
Energy prices have soared around the world due to the banning of US oil by many countries. If Europe completely bans Russian crude oil, Russia will have to cut supplies by 3 million barrels per day. Due to this, there will be a big crisis of oil supply in the world. However, if OPEC countries increase production rapidly, then this crisis may be lessened. This in a move that OPEC countries have been hesitant to take.
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Source: navbharattimes.indiatimes.com
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