An analysis published by "Project Syndicate" revealed that the world is about to confront a new crisis whose features seemed looming in the near horizon, with the trend of food prices to rise, in light of the repercussions and risks left by the spread of the emerging Corona virus and the closure of borders and economies.
The analysis expected that the situation in the emerging markets will worsen, calling on the governments to work together to address the disruptions in the food supply chains and prevent food protectionism from becoming the new normal after the epidemic, according to the analysis.
The analysis showed that even before the epidemic occurred, there were signs that global food prices could rise soon as weather phenomena caused by climate change became more common.
He also pointed out to the African swine fever invasion of more than a quarter of the number of pigs in the world last year, causing food prices in China to increase by 15 to 22% year on year so far in 2020. The latest reading shows that it is among the 50 most vulnerable countries for the ever-increasing food prices, almost all of them are developing economies, accounting for nearly three-fifths of the world's population. But in reality, higher food prices will be a global problem, because they are sharp everywhere.
Source (Al-Arabiya.net website, Edited)
