Food supply shortages hit a record high in April, as the ongoing Russia–Ukraine conflict continues to impact worldwide food exports, data from S&P Global published on Monday suggested.
According to the survey, manufacturers worldwide reported sustained price and supply pressures during the last month, while the Global Supply Shortages Index signaled that shortages were just under seven times higher than the normal level, unchanged from March’s four-month high.
“Supply shortages surged in April to reach a joint-record level as the war in Ukraine continued to hit global food exports,” said S&P Global economist Usamah Bhatti.
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