Ukraine-Russia conflict could trigger major food price hike – FAO
International food and feed prices could rise by between 8% and 20% as a result of the conflict in Ukraine, triggering a jump in the number of malnourished people around the world, the UN food agency said on Friday.
In a preliminary assessment on Russia’s invasion of Ukraine, the Food and Agriculture Organisation (FAO) said it was not clear if Ukraine would be able to harvest crops during a protracted conflict, with uncertainty also surrounding Russian food exports.
FAO said Russia was the world’s largest exporter of wheat, while Ukraine was the fifth largest. Together, they provide 19% of the world’s barley supply, 14% of wheat, and 4% of maize, making up more than one-third of global cereal exports.
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