Uncertainty and inflation hit farmers around the world (EFE Agro)

EFE Agro published an article stating that uncertainty in food markets is hitting farmers around the world, in rich and poor countries alike, resulting in more difficulty producing food due to high production costs and a greater impact of hunger. Since last year, with the increase in global demand after the pandemic, there has been a rise in energy prices, exacerbated by the war in Ukraine. According to Rob Vos, division director (Markets, Trade, and Institutions), added to this is a cut in the supply of wheat, corn, and oilseeds in global markets, which has had an impact on the rise in prices of basic foods, despite their temporary decline in the last six months. “Everything will depend on whether the war in Ukraine continues,” says Vos, who urges keeping fertilizer and commodity markets open in the face of volatility.