Food imports costs across the world are on course to hit a near $2 trillion record in 2022, piling pressure on the globe’s poorest countries who likely shipped in considerably less volumes of food, the U.N. Food Agency said on Friday.<\/p>\n<\/p>\n
World food prices soared to record levels in March after Russia invaded Ukraine, a key grains and oilseeds producer, and while they have since retreated somewhat, they remain above last year’s lofty levels.<\/p>\n<\/p>\n
The increase is disproportionately affecting economically vulnerable countries, and is expected to continue doing so next year even as the overall agricultural supply situation is set to improve a bit.<\/p>\n<\/p>\n
“These are alarming signs from a food security perspective,” the Food and Agriculture Organization (FAO) said its twice-yearly Food Outlook report.<\/p>\n<\/p>\n
The world’s food import bill is projected to reach $1.94 trillion this year, up 10% year-on-year and higher than previously expected, the FAO said.<\/p>\n<\/p>\n
Source: National News Agency – Lebanon<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Food imports costs across the world are on course to hit a near $2 trillion record in 2022, piling pressure on the globe’s poorest countries who likely shipped in considerably less volumes of food, the U.N. Food Agency said on Friday.World food prices …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"\n