Global Food Crisis: ‘Perfect Storm’ of World Hunger Thanks to the Ukraine Crisis and COVID Could Starve Millions

Peter Caddle – May 5, 2022

Millions are at risk of starvation thanks to COVID and the ongoing war in Ukraine, both of which have helped create a “perfect storm” of a global food crisis.

Experts have warned that millions of people across the world are on the brink of starvation thanks to a “perfect storm” of a global food crisis.

A report by the Global Network Against Food Crises — a multinational organisation founded by the European Union as well as various United Nations bodies — found that 2021 represented the worst year for world hunger, but that things could soon get a whole lot worse thanks to a wide variety of ongoing geopolitical problems.

According to the organisation’s annual Global Report on Food Crises, 193 million people face acute food insecurity in 2021, which they define as being in a state where a person’s food intake is so low as to put their lives or livelihoods in immediate danger.

By far the single largest cause of this food insecurity last year was conflict, while the issue of economic shocks and climate change came in as very distant second and third place causes respectively.

However, despite how bad things got last year, experts who participated in the creation and publication of the report now fear that things could get a whole lot worse in 2022 as a result of a wide number of ongoing crises.

“Acute hunger is soaring to unprecedented levels and the global situation just keeps on getting worse,” said David Beasley, a former Republican Party governor who now serves as the executive director of the World Food Programme.

“Conflict, the climate crisis, COVID-19 and surging food and fuel costs have created a perfect storm — and now we’ve got the war in Ukraine piling catastrophe on top of catastrophe,” he continued. “Millions of people in dozens of countries are being driven to the edge of starvation.”

https://www.breitbart.com

Higher Prices at the Grocery Store as Ag Futures Surge the Most in 8 Years

Mish – April 26, 2021

The Bloomberg Agriculture Spot Index surged the most in nearly nine years, driven by a rally in crop futures.

Expect Grocery Shock

With futures surging, Grocery Price Shock Is Coming to a Store Near You.

With global food prices already at the highest since mid-2014, this latest jump is being closely watched because staple crops are a ubiquitous influence on grocery shelves — from bread and pizza dough to meat and even soda.

“The relentless rise in prices acts as a misery multiplier, driving millions deeper into hunger and desperation,” Chris Nikoi, the World Food Programme’s regional director for West Africa, said earlier this month. It’s “pushing a basic meal beyond the reach of millions of poor families who were already struggling to get by.”

And commodities aren’t the only component in driving up the price of food. Higher freight costs and other supply-chain headaches as well as packaging can all add up. Food and beverage giants are already signaling they’re watching margins. Coca-Cola Co. has flagged higher costs in plastic and aluminum, as well as coffee and high-fructose corn syrup, the key ingredient in soda. Nestle SA, the world’s biggest food company, warned it won’t be able to hedge all of its commodity costs and it’s raising prices where appropriate.

https://mishtalk.com