Recession in sight, how is the condition of the world's food?
Wheat
Rice
Maize (Corn)
Published Jul 14, 2022
Original content
Jakarta, CNBC Indonesia - Food security has become a major issue in the world lately. Production was disrupted due to drought coupled with the conflict between Russia and Ukraine, exacerbated by protectionism by food producing countries. As a result, the supply of food ingredients in the world is decreasing. This increases the risk of a worldwide food crisis or famine. The United States Department of Agriculture (USDA) recently issued a report on estimates of the world's agricultural supply. Here's a summary: Wheat Global wheat supply in 2022/2023 is expected to fall by 1.1 million tonnes to 1,051.7 million tonnes. Production in the European Union (EU), Ukraine and Argentina was revised lower. The EU production forecast is lowered by 2 million tonnes to 134.1 million tonnes, as continued dry weather lowers yield prospects especially in Spain, Italy and Germany. Ukrainian production was reduced by 2 million tonnes to 19.5 million tonnes due to a reduction in harvested area. The ...
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