Commentary Going food shopping feels like getting punched in the gut. You pick up a whole roasting chicken, hoping it will feed four, and see the price: over $10 in many New York area stores—a staggering $18 if the bird’s organic. Apples are close to $3 a pound. And forget buying a steak; you might…
US Meat Prices Could Reach ‘Highest Level in Generations’
America’s love of meat is about to get more expensive. Market forecasts predict consumers will pay more across the board for beef, pork, and chicken due to factors like rising feed costs and acute labor shortages. Overall, food prices have soared 8.8 percent since March 2021. At the beginning of this year, the United States…
World Bank Chief Warns of Food Crisis Due to Russia-Ukraine Conflict
April 21, 2022
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Business & EconomycommoditieseconomyEuropefood crisisinflationInternationalMarketsRussia-UkraineRussia-Ukraine WarWorldWorld Bank
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The World Bank has warned of a “human catastrophe” from a food crisis that could see millions forced into poverty due to the full-scale invasion launched by Russian forces in Ukraine. World Bank president David Malpass told the BBC at the IMF-World Bank spring meetings in Washington that record food prices could see hundreds of millions…
Food Crisis Triggered by Russia–Ukraine Conflict Could See Mass Migration From Central America to US: UN Official
April 18, 2022
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AmericasBusiness & EconomyeconomyEuropefood crisisInternationalmigration crisisRussia-UkraineRussia-Ukraine WarWorld
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The ongoing Russia–Ukraine conflict and subsequent global food crisis could destabilize nations and create mass migration from Central America to the United States, David Beasley, the executive director of the United Nations World Food Programme, said on April 17. Beasley told CBS News’ “Face the Nation” that there is “no question” that Russian President Vladimir Putin is using…
Beijing Is Restoring China’s Farmlands to Prevent Food Shortages Amid Russia-Ukraine War
News Analysis The Chinese Communist Party (CCP) is pushing local authorities to reconvert fishponds and orchards back to arable land in order to increase farmland and mitigate a food crisis. However, this move has threatened the livelihood of locals, with some claiming that they were not fully compensated for their losses. Some experts warn that…
Can Food Crises Trigger Collapse?
Commentary “The Pakistan Economy Watch (PEW) on Tuesday asked the government to take serious steps to ensure food security in the country as an international food crisis can engulf the world soon …. Dr. Murtaza Mughal said that the vulnerable and the poor would be hardest hit, who spend as much as 60 to 75…
East African Countries Face Acute Food Shortages From Drought, Ukraine War
April 11, 2022
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More than 29 million people are suffering from a scarcity of food supplies, according to the eight-country African trade bloc the Intergovernmental Authority on Development (IGAD), following prolonged periods of drought in the east of the continent that have been exacerbated by the ongoing war in Ukraine. “Across the IGAD region, 29 million people are…
Diesel, Fertilizer Shortages Endanger Food Supplies
April 6, 2022
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Commentary In the 18th century, the average French working man spent about 50 percent of his wages on bread. By 1789, that percentage had increased to as much as 60 to 80 percent and the French Revolution ensued. King Louis XVI and Marie Anoinette met the guillotine. In 1930, a little-known Indian attorney named Mohandas…
UN Food Chief Warns of Global Crisis Not Seen Since World War II
March 30, 2022
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The U.N. food chief on Tuesday warned that Russia’s Ukraine invasion will have a global impact “beyond anything we’ve seen since World War II” and that the war has created “a catastrophe on top of a catastrophe.” “We would have never dreamed anything like this would be possible,” David Beasley, executive director of the U.N….
UN Reports War in Ukraine Could Trigger up to 22 Percent Rise in Food Prices Worldwide
March 11, 2022
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The UN Food and Agriculture Organization (FAO) reported on March 11 (pdf), that international food and feed prices could rise by up to 22 percent due to the conflict in Ukraine, which may lead to a rise in malnourishment in less developed countries. Total global food output has fallen since the Russian invasion of Ukraine…
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