Drought is shrinking crops from the U.S. Farm Belt to China’s Yangtze River basin, ratcheting up fears of global hunger and weighing on the outlook for inflation.
The benchmark for world food prices declined “significantly” in July, with major cereal and vegetable oil prices recording double-digit percentage declines
fight than they ve had before. ukraine says a foreign flagged ship has arrived at one of its ports for the first time since the russian invasion in february. president zelensky said, we managed to resume maritime exports of ukrainian agricultural products. our ports in the black sea are again operating. it s hoped that much needed wheat will now reach the rest of the world, but there are other factors that could lead to food shortages. let s speak to abdolreza abbassian. he is a food market analyst, and a former senior economist at the food and agriculture organisation. thanks very much forjoining us. president zelensky is obviously delighted about this recent development in terms of the grain ships leaving ukraine, and today this for inflection of arriving, he said, if our partners fulfil their part of the commitment and guarantee the security of supplies, this will really solve the global food crisis. do you share his optimism?