Russia-Ukraine conflict, Skyrocketting food prices threatens food security in the third world
Kathmandu, January 8. United Nations Food and Agriculture Organization (FAO) has indicated that the increase in energy and fertilizer prices brought on by the conflict between Russia and Ukraine has pushed global food prices by 14.3 percent in 2022.
The prices of the following food categories have increased on the global market, according to FAO’s subindices:
Cereal Prices – increased by 17.9 percent from 2021
Vegetable oil prices – increased by 13.9 percent from 2021
Meat prices – increased by 10.4 percent from 2021
Dairy prices – increased by 19.6 percent from 2021
Sugar Prices – increased by 4.7 percent from 2021
The FAO has regularly issued warnings that rising food prices, particularly in developing nations, posed a threat to global food security.
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