Rising hunger predicted across 16 global hotspots
Food insecurity in 16 global regions, spanning 14 countries and two regional clusters, is expected to intensify from November 2024 through May 2025, according to a recent UN report.
Israel launches retaliatory strike on Iran amid escalating tensions
In a significant escalation of Middle East tensions, Israel has reportedly conducted targeted airstrikes on Iran on Friday, April 19, 2024. The strikes were in direct response to a substantial Iranian assault that utilized drones and missiles against Israeli territories on April 13, marking one of the most severe conflicts between the two nations in recent history.
MPs warn energy bills will push millions into unmanageable debt as UK inflation hits fresh 40-year high and European energy crisis soars
UK’s Members of Parliament said millions of people will be plunged into unmanageable dept this winter unless the government comes up with a solid plan to support those most affected by rising prices.
Worldwide wheat prices jump 6.6% in a single day
Wheat prices jumped 6.6% worldwide in a single day with a decisive turnaround under the pressure of the resumption of dialogue between the US and China which seems interested in buying foreign wheat and corn, which marked an increase of 4.6%.
Eurozone inflation hits another record high
Driven by rising food and energy costs, consumer prices in Eurozone jumped 8.6% over the year through June, hitting another record high since the creation of Euro in 1999.
UK inflation hits 40-year high
The UK’s Office for National Statistics (ONS) said the 9% rise in the consumer price index is the highest since records began in 1989, surpassing the 8.4% annual rise in March 1992. The office estimates that inflation would have been higher sometime around 1982.
Record high wheat prices after India declares immediate export ban, massive protests after 300% food price increase announced in Iran
Wheat prices in Europe and Australia hit record highs this week after India – the world’s second-largest wheat producer – announced an immediate export ban due to a severe heatwave affecting the country since March. Global wheat prices have soared 40% since February 2022, increasing famine and sparking social unrest.
Eurozone annual inflation hits a record high for the sixth consecutive month
Eurozone inflation in April 2022 is expected to be 7.5%, hitting a record high for the sixth consecutive month.
March inflation in the U.S. likely set a new 40-year high
Inflation in the United States in March 2022 has likely set yet another 40-year high. The country has sees ever-rising costs for food, gasoline, housing and other necessities, threatening the economy.
China stockpiling food at historically high levels
China is stockpiling food at historically high levels and now has more than half of the world's maize and other grains. By mid-2022, the country is estimated to hold 69% of the world’s corn reserves, 60% of rice, and 51% of wheat. At the end of 2021,…
