Why are food prices rising so much around the world (and what can be done to cope with its impact)

World Food Day is celebrated this Saturday amid a United Nations warning of the “catastrophic and unprecedented” level of food insecurity and fears of further increases in the price of food around the world.

“About half a million people experience famine conditions in Ethiopia, Madagascar, South Sudan and Yemen. In recent months, the vulnerable populations of Burkina Faso and Nigeria have also been subjected to these same conditions, ”the UN said in a statement.

The agency called for the immediate allocation of funds to help 41 million people in various countries at risk famine.

According to the British charity The Hunger Project, 690 million people in the world suffer from chronic hunger, 850 million are at risk of poverty due to covid-19.

Of these 690 million, 60% are women.

Here we analyze what rising food prices mean for everyone and what alternatives are being considered to help reduce food poverty.

But first, we explain the reason for this increase.

International food giant Kraft Heinz warned this week that people will have to “get used to higher food prices” due to “widespread” inflation after the pandemic.

Dr Sarika Kulkarni, founder and administrator of the Raah Foundation, based in Mumbai, India, agrees with Miguel Patricio, director of Kraft Heinz, that food prices will remain high.

Source of the article

Disclaimer: This article is generated from the feed and is not edited by our team.

Previous Spend now and give later
Next Week In Insights: with the key deadlines looming, let's go