KYIV, Mar 2 – As the Russia's war against Ukraine, both the world's key wheat exporters, Middle East countries relying heavily on wheat imports are likely to face further food shortages and price hikes, experts say, Xinhua News Agency reported.
World food prices have remained high for years. Influenced by the COVID-19 pandemic, extreme weather and export restrictions by some countries, food prices surged 28% in 2021, marking the highest level in a decade, according to statistics by the UN Food and Agriculture Organization.
What's worse, food prices could get even higher as the recent Russia's war against Ukraine might further disrupt global markets, limiting food supplies and damaging market sentiments.
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