CFI (China) published an article on the multiple global crises and the challenges ahead. Challenges include the Black Sea food deal that could likely collapse, along with energy price volatility, and climate change threatening to destroy food production, the world remains in the midst of a historic food crisis. In the past two years, the global grain market has experienced continuous ups and downs. The drought and poor harvest in 2021 once brought global grain stocks close to the lowest in ten years. Then the conflict between Russia and Ukraine broke out, food prices continued to rise, and the global food crisis intensified.
Joseph Glauber, a senior researcher at the International Food Policy Research Institute pointed out that due to low global inventories, prices will remain volatile, and if there is a drought or major weather event this spring, prices may rise sharply.
Republished in Zaker (China), iFeng (China), Jxyuging (China), Guojiribao (China), Info Negocios – El Cronista (Argentina).