Bloomberg published an article stating that nations around the world are waking up to the threat of a global food crisis and taking steps to secure their own supplies. The Group of Seven nations and the United Nations’ FAO are urging leaders to keep trade flows open, warning that protectionism can push prices higher and lead to empty shelves in countries dependent on imports. “Any stability that you get in the country that’s putting up the export ban is an instability exported to the rest of the world,” said Joseph Glauber, senior research fellow. “It has a cascading effect.” Republished in Yahoo Finance, Times Live (South Africa), Independent (Ireland).
Food security panics governments as Ukraine war blocks supplies (Bloomberg)
March 20, 2022