La Razon (International) published an article stating that a large amount of food and products have reached historical records, largely due to the war between Russia and Ukraine. Of all the calories traded in the world, Ukraine and Russia account for 12 percent (or more than a tenth), according to IFPRI estimates. Although on the part of Russia, the situation registered in the country in 1998, when the ‘default’ faithfully reflected the situation since the country could not pay its debts and lacked foreign currency, differs from today, despite the fact that the reserves of gold and foreign currency are frozen, “they continue to arrive,” since payments for energy exports “have practically not changed,” since, although the volume of supply has decreased somewhat, prices have risen.
The rise in prices is the highest in history, and the shortage could go further in the coming weeks (La Razon)
April 10, 2022