Lebanon is facing a bread and wheat crisis

Published 2022년 4월 13일

Tridge summary

Lebanon is facing a bread crisis due to critical flour shortages and currency collapse, caused by the economic crisis that began in late 2019. The Central Bank has delayed payments for wheat imports and there are concerns that wheat subsidies may be ended, causing bread prices to double and worsening the lives of over 70% of households already living in poverty. The situation has been worsened by the Russian invasion of Ukraine, which has affected global wheat prices. The Lebanese government is seeking wheat from other countries such as the US, India, and Canada as concerns grow about global disruptions to wheat supplies.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

BEIRUT: Imagine if Malaysia did not have enough rice or had to paint. As the staple food of Malaysians, of course it will affect the survival and business in this country. The situation is almost the same now in Lebanon. The bread crisis is currently plaguing parts of Lebanon as the small Mediterranean country struggles with critical flour shortages and currency collapse. The Lebanese Central Bank has reportedly delayed payments for wheat imports as currency reserves have fallen since the economic crisis began in late 2019. There are concerns that the Central Bank may end wheat subsidies that will cause bread prices to double in the country. It will make the lives of more than 70 per cent of households in the country who are now living in poverty worse. On Tuesday, people were seen standing in line outside a bakery in Beirut, waiting their turn to get bread. "I came here and there was no bread. They told me I could only buy a small bag. "We have two families at home, one family ...
Source: Astroawani

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