Export Restrictions add to Global Hunger

Farmers harvest wheat on the outskirts of Jammu, India, on April 30. A recent heat wave has affected the yield of India’s wheat crops. Xinhua News Agency via Getty Images

Matt 24:6,7 Then he said to them: “Nation will rise against nation, and kingdom against kingdom. 7 There will be great earthquakes, famines and pestilences in various places, and fearful events and great signs from heaven.

Important Takeaways:

  • Trade is vital to mitigating the global food crisis.
  • India, the world’s second-largest producer of wheat by volume, announced export restrictions on the commodity
  • Before the war in Ukraine, food prices were already at some of their highest historical levels due to high fuel and energy prices, droughts, and the lingering effects of the Covid-19 pandemic.
  • The war in Ukraine has made the situation worse, as Russia and Ukraine produce large percentages of the world’s wheat, sunflower oil, and other vital food commodities.
  • A rise in fuel prices is also a major contributor to the rise in food prices, as food now costs more to store, process, and transport.

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