Summary
[FAO Chief Economist: The Food Crisis Caused by the Russian-Ukrainian Conflict May Last Until Next Year]On the 3rd local time, the Food and Agriculture Organization of the United Nations (FAO) released the May food price index, showing that although the food price index fell in May, wheat and poultry Meat price index rose. Torrero, chief economist of the United Nations Food and Agriculture Organization, said in an interview with reporters that the food crisis caused by the conflict between Russia and Ukraine may last until 2023. According to the United Nations Food and Agriculture Organization, food prices are expected to remain high due to ongoing conflicts in Russia and Ukraine, the world’s major exporters of grain and fertilizers, despite improved crop conditions and increased supplies in countries including India and the United States. The Food and Agriculture Organization of the United Nations forecasts that global cereal production in 2022 is likely to decline for the first time following three consecutive years of growth.
On the 3rd local time, the Food and Agriculture Organization of the United Nations (FAO) released the May food price index showing that although the food price index fell in May, the wheat and poultry meat price index rose. Torrero, chief economist of the United Nations Food and Agriculture Organization, said in an interview with reporters that the food crisis caused by the conflict between Russia and Ukraine may last until 2023. According to the United Nations Food and Agriculture Organization, food prices are expected to remain high due to ongoing conflicts in Russia and Ukraine, the world’s major exporters of grain and fertilizers, despite improved crop conditions and increased supplies in countries including India and the United States. The Food and Agriculture Organization of the United Nations forecasts that global cereal production in 2022 is likely to decline for the first time following three consecutive years of growth.
(Article source: CCTV News)
