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Shining Light on Farm & Food Policy for 20 Years.
Sunday, May 12, 2024
Amid growing concerns about the impact of the war in Ukraine, the G7 ag ministers have joined the UN Food and Agriculture Organization in urging countries not to protect their own food supplies by restricting exports.
Russia’s invasion of Ukraine could raise grain prices as much as 20% while boosting fertilizer prices another 13% and further inflating food costs, the UN Food and Agriculture Organization warns.
The UN Food and Agriculture Organization is reporting that global food prices hit their highest level on record last month, and that doesn’t account for the full effects of the Ukraine crisis.
Global food prices hit an all-time high in February, led by sharp increases in vegetable oil and dairy prices as well higher costs for grains, according to the UN Food and Agriculture Organization.