The global food supply has been threatened after the conflict in Ukraine paralyzed crucial Black Sea supply routes and the imposition of hard-hitting sanctions on Russia forced many countries into food protectionist policies. This conflict has sent commodities, including energy and metal prices, soaring with the risk of severe disruption to markets as the war continues….
Food Protectionism Threatens to Further Disrupt Global Crop Trading
March 11, 2022
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Food Crisis Grows as Spiralling Prices Spark Export Bans
March 10, 2022
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LONDON—A global food crisis sparked by Russia’s invasion of Ukraine escalated on Wednesday as Indonesia tightened curbs on palm oil exports, adding to a growing list of key producing countries seeking to keep vital food supplies within their borders. The conflict in Ukraine is threatening global grain production, the supply of edible oils and fertilizer…
UN Food Agency Halts Work in North Darfur, Affects 2 Million
CAIRO—The World Food Program has suspended its operations across Sudan’s province of North Darfur following recent attacks on its warehouses, a decision expected to affect about 2 million local people. A statement released by the U.N. food agency Thursday said all three of its warehouses in the area were attacked and looted. More than 5,000…
China’s Hoarding of Food Grains Is Contributing to Rising Global Food Prices, Experts Say
China has had a bountiful grain harvest this year, according to reports from Beijing, but data from various official sources show that grain imports have reached a new high, and China’s grain reserves are now greater than 50 percent of global grain reserves. If that’s accurate, some experts predict that China’s practice of stockpiling grains…
Afghan Banking System Facing Existential Crisis: UNDP Report
November 22, 2021
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Afghanistanafghanistan newsAsia & Pacificbanking collapseBusiness & EconomyEconomiesfood crisishumanitarian aidInternationalMiddle EastTaliban governmentWorld
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The United Nations warned Monday that Afghanistan’s banking system is on the verge of collapse because of consumers unable to repay loans, fewer deposits, and other liquidity problems, leading to a social crisis in an already fragile economy. “Afghanistan’s financial and bank payment systems are in disarray,” the United Nations Development Programme (UNDP) said in…
Xi Jinping raises food seed safety to national security level
The Chinese Communist Party (CCP) leader Xi Jinping recently emphasized the food safety problem, indicating that the safety of seeds should be a “national security” concern. On July 9, Xi presided over The 20th Meeting of the Central Comprehensively Deepening Reforms Commission, admitting that it is “more urgent than ever to ensure the independence and control…
Xi Jinping Raises Food Security to ‘National Security’ Concern
The Chinese Communist Party (CCP) leader Xi Jinping recently emphasized the problem of food security, saying that ensuring grain security should be a “national security” concern. On July 9, Xi presided over The 20th Meeting of the Central Comprehensively Deepening Reforms Commission, admitting that it is “more urgent than ever to ensure the independence and control…
Global Food Prices Rise 40 Percent, China’s Surging Food Demand a Big Factor
June 24, 2021
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ChinaChina Business & Economychina food inflationfood crisisfood importfood pricesInternationalWorld
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Global food prices have risen for the twelfth month in a row, (39.7 percent in May from a year earlier), the highest since September 2011, according to the latest figures from the UN Food and Agriculture Organization (FAO). There are concerns that China, the world’s largest food importer, will face a food crisis. According to…
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