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Wheat prices soar, food crisis threatens

2022-05-19T17:39:44.992Z


The war in Ukraine and the weather constraints weigh on the harvests. The stalemate in the conflict in Ukraine, after almost three months of fighting, heightens the risk of food insecurity in the world. Raising the alarm once again, the World Bank announced on Wednesday that it wanted to devote 12 billion dollars to new projects over the next fifteen months - in addition to an available envelope of some 18.7 billion - targeted at agriculture and social protection. P


The stalemate in the conflict in Ukraine, after almost three months of fighting, heightens the risk of food insecurity in the world.

Raising the alarm once again, the World Bank announced on Wednesday that it wanted to devote 12 billion dollars to new projects over the next fifteen months - in addition to an available envelope of some 18.7 billion - targeted at agriculture and social protection.

Populations, especially the most vulnerable, are suffering from soaring inflation, driven by the prices of energy and agricultural products.

On the grain market, a tonne of wheat broke records on Monday, reaching 438 euros on the Euronext market.

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“Wheat is the major cereal of food security, consumed by billions of humans, in the form of bread, flour or semolina.

It's very difficult to replace him”

, underlines Sébastien Abis, researcher at Iris (Institute of international and strategic relations).

Corn, which is larger in volume, is mainly used…

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Source: lefigaro

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