Ukraine conflict food price spikes may push 40 mln into extreme poverty- Development group - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Massive price spikes for food and energy sparked by Russia’s invasion of Ukraine will push over 40 million people into extreme poverty, the Center for Global Development (CGDEV) said on Friday.

In an analysis blog, the Washington-based think tank said food commodity prices since the start of the conflict have risen above levels experienced in price spikes in 2007 and 2010.In an analysis blog, the Washington-based think tank said food commodity prices since the start of the conflict have risen above levels experienced in price spikes in 2007 and 2010.

In an analysis blog, the Washington-based think tank said food commodity prices since the start of the conflict have risen above levels experienced in price spikes in 2007 and 2010. “Price increases seen to date are already of a similar magnitude to the 2010 increases, and our analysis suggests at least 40 million people will be pushed into extreme poverty by the 2022 price spike,” CGDEV researchers wrote.The researchers said the most immediate concern was for direct wheat customers of Ukraine and Russia, which together account for more than a quarter of world wheat exports.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's a military operation .

People are very stupid to believe that food is made in shops, understand that spinach need a peice of land to grow not a shop, understand that chickens can find food for themselves they only need water and nice shelter...grow crops and make maze meal.

Cut the crap. We not falling for that blame Putin nonsense. Sanctions on Russia did this, sanctions imposed by the U.S & its European lackeys. As always regular people are given some bogus reason why their poorer, while big business reaps billions in profits from the misery.

I'm sharing this because this was exactly how i saw so many posts about William church and how he was helping individuals with their trades and i decided to give it a try and luckly it went well, Contact him via his profile link below 👇👇 Williamchurch07

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Anni Dewani’s killer granted parole - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Zola Tongo, the man who was found guilty of the murder of Swedish woman Anni Dewani in Cape Town and sentenced to 18 years in jail, has been granted parole. AnniDewani ShrienDewani Only to commit more crimes 🙄 Seriously!! YOH
Source: SABCNews - 🏆 37. / 51 Read more »