, which was driven by factors including droughts, global population growth, higher consumption of meat in major developing economies, and the increased use of crops to produce biofuels.
Ukraine and Russia accounted for a combined 28% of global wheat exports, 15% of maize and 75% of sunflower oil in the 2020/2021 season, according to US department of agriculture data. “This current situation in many ways is a lot more troubling than 2008 and look at what risks arose then to political stability,” he said. “We will have a very tense six to nine months ahead of us.”Some countries had already announced export curbs in 2021, given the tightness in global food supplies. But the dominoes really started to fall following Russia’s invasion of Ukraine on February 24, with global prices of both grains and vegetable oils soaring.
Malaysia prohibited on May 23 the export of chickens from the beginning of this month after a global feed shortage exacerbated by the conflict in Ukraine disrupted poultry production and led to a sharp rise in prices for one of the country’s cheapest sources of protein. “The EU keeps its food exports going, and so should everyone else,” EU Commission President Ursula von der Leyen said in a speech earlier June.Even before the war in Ukraine, Argentina's government, battling domestic inflation now over 60%, took steps late in 2022 to stem the rise in local food prices. It placed caps on exports of corn and wheat, adding to an earlier ban on shipments of beef.
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UPDATE | Owner of Eastern Cape tavern 'devastated' after inexplicable death of 20 patronsThe owner of the Enyobeni tavern in Scenery Park in East London where at least 17 patrons inexplicably died in the early hours of Sunday is reportedly devastated by the incident.
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