A spike in global food prices caused by Russia's war against Ukraine could lead to riots, WTO says

25 March, 05:28 PM
A spike in global food prices caused by Russia's war against Ukraine

A spike in global food prices caused by Russia's war against Ukraine "could lead to riots." (Photo:REUTERS/Thomas Peter)

A spike in global food prices due to Russia's war against Ukraine could spark riots in poor countries, Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization has said.

The Guardian reported that Okonjo-Iweala warned food-producing countries against hoarding supplies. As it might lead to the same situation the world had experienced during the first wave of the COVID-19 pandemic, when rich countries were able to secure themselves with the most of vaccine supplies.

According to her, many African countries are dependent on food supplies from the Black Sea region.

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“I think we should be very worried," she said. "The impact on food prices and hunger this year and next could be significant. Food and energy are the two of the biggest items in the consumption basket of poor people around the world.”

Okonjo-Iweala stated that it is poor countries and poor people within poor countries that will suffer the most.

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