– Since Russia invaded Ukraine in late February and imposed a blockade on its Black Sea ports, agricultural exports from Ukraine—responsible for 9% of the world’s wheat, 16% of its maize, and 42% of its sunflower oil—have declined substantially, leaving millions of tons of stored grain on the cusp of rotting.
The war also disrupted this year’s planting season, raising fears that this summer’s harvest, assuming sufficient labor power and storage space can be found, will be a third lower than in 2021.
Consequently, food prices have soared to record highs—surpassing levels last seen during the global crisis of 2007-08, when a spike in the cost of bread helped contribute to the Arab Spring uprisings—and put tens of millions of people at increased risk of extreme hunger.
Citing the increased costs of shipping, fertilizer, and fuel associated with the Covid-19 pandemic, the climate crisis, and the Ukraine war, Beasley said that the number of people suffering from "chronic hunger" has grown from 650 million to 810 million over the past five years.
Meanwhile, the number of people suffering from "shock hunger," which Beasley defined as not knowing "where your next meal is coming from," has ballooned from 80 million to 325 million over the same time period.
Learn More: https://www.zerohedge.com/commodities/un-food-chief-says-hell-earth-looms-hunger-crisis-triggered-ukraine-war
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