Cabinet's Information Center: Global food crisis a result of several crises

CAIRO - 5 June 2022: The Cabinet's Information and Decision Support Center said Sunday the global food crisis the world is currently witnessing is not only due to the Ukrainian crisis, but also the result of crises related to the Coronavirus pandemic and climate change.

 

In a video clip monitoring the global food crisis the world is currently witnessing, the center showed that before the Ukrainian crisis wheat prices were actually high by 49 percent due to lack of rain in China and high temperature in India, as both countries produce the highest quantities of wheat. After the outbreak of the Ukrainian crisis, wheat prices rose by an additional 30 percent.

 

The Dutch Rabobank expects wheat prices to rise again by a third due to the disruption of current grain shipments since February 2022, according to the latest issue of the "Economic Outlook" magazine, issued by the Information and Decision Support Center.

 

The center explained that Europe has decided to stop relying on wheat as food for livestock and not to use corn in the production of clean biofuels and to direct the entire supply to serve the increasing consumption. This threatens a raise in prices in other sectors, such as animal production and the non-implementation of climate pledges required to protect crops.