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05/04/2022
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By Arsenio Toledo
Countries racing to take over global agriculture market following disappearance of Ukrainian and Russian food exports
Multiple countries are rushing to increase their agricultural output to make up for the disappearance of Russian and Ukrainian agricultural exports as a consequence of the war. Ukraine, known as the breadbasket of Europe, is still mostly unable to tend to its rich agricultural fields due to Russia’s invasion. Similarly, due to the Western economic […]
04/13/2022
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By Arsenio Toledo
Global food prices surge to record highs; FAO warns of possible famine all over the world
The Food and Agriculture Organization (FAO) of the United Nations reported that global food prices soared above all-time highs in March as a consequence of unsolved supply chain issues and the economic fallout from the war in Ukraine. In March, the FAO’s food price index increased to its third straight record high. It jumped by nearly 34 percent […]
03/14/2022
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By JD Heyes
Food insecurity worsening already following Russian invasion of Ukraine, as countries begin withholding exports and hoarding commodities
Russia’s invasion of Ukraine is not just a humanitarian disaster in the making for the latter, but the conflict is having a global impact since both countries are major exporters of food commodities. Both countries are major producers of food — wheat, grain, corn, meat and fertilizer, as well as other commodities — and since […]
03/10/2022
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By Mary Villareal
Price of wheat soars to record high as war between Russia and Ukraine continues
The war between Russia and Ukraine has already driven up gas prices. Now, the price for wheat has also surged to its highest level. Wheat price is now at a record $12.94 per bushel, up 70 percent over the last month, as measured by a futures contract on the Chicago Board of Trade. The conflict […]
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