{"id":222455,"date":"2022-03-30T23:55:08","date_gmt":"2022-03-30T23:55:08","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=222455"},"modified":"2022-03-31T08:03:28","modified_gmt":"2022-03-31T08:03:28","slug":"ukrainian-war","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/ukrainian-war\/","title":{"rendered":"WFP: Ukrainian war threatens efforts to feed 125 million people globally"},"content":{"rendered":"<p style=\"text-align: justify\"><strong>London, (Business News Report)|| <\/strong>The World Food Programme confirmed that the continuation of the Ukrainian war threatens the food security of 125 million people around the world.<\/p>\n<p style=\"text-align: justify\">Ukraine had gone &#8220;from the breadbasket of the world to breadlines,&#8221; said David Beasley, Executive Director of the World Food Programme.<\/p>\n<p style=\"text-align: justify\">&#8220;It\u2019s not just decimating dynamically Ukraine and the region, but it will have global context impact beyond anything we\u2019ve seen since World War Two,&#8221; Beasley told the United Nations Security Council.<\/p>\n<p style=\"text-align: justify\">Beasley added that 50% of the grain bought by the WFP, the food-assistance branch of the United Nations, comes from Ukraine, &#8220;so you can only assume the devastation that this is going to have on our operations alone.&#8221;<\/p>\n<p style=\"text-align: justify\">&#8220;The farmers are on the frontlines,&#8221; he added, saying that the crisis was exacerbated by the shortage of fertilizer products coming from Belarus and Russia.<\/p>\n<p style=\"text-align: justify\">&#8220;If you don&#8217;t put fertilizer on the crops, your yield will be at least 50% diminished. So we\u2019re looking at what could be a catastrophe on top of a catastrophe in the months ahead,&#8221; he told the council.<\/p>\n<p style=\"text-align: justify\">He warned that &#8220;the world will pay a mighty price and the last thing we want to be doing as the World Food Programme is taking food from hungry children to give to starving children.&#8221;<\/p>\n<p style=\"text-align: justify\">In a related context, US wheat futures fell 4% and corn futures fell by 4%, while comments from Russia and Ukraine, after talks in Turkey, revived hopes for a ceasefire in the conflict that has disrupted large grain exports from the Black Sea region.<\/p>\n<p style=\"text-align: justify\">Trading, however, was choppy, with benchmark May wheat contracts swinging in the <a href=\"https:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwiAnY3bu-72AhUNzaQKHQ6kCLgQFnoECAgQAQ&amp;url=https%3A%2F%2Fwww.cmegroup.com%2F&amp;usg=AOvVaw07VG_AXIGuodA0N38r04pn\">Chicago Board of Trade<\/a> in a whopping 96 cents range, from a session high of nearly $10.68 a bushel in the early moves to $9.72 a bushel.<\/p>\n<p style=\"text-align: justify\">The Chicago Board of Trade May wheat futures fell about 42 cents to about $10.14 a bushel upon settlement, while the May corn contracts ended trading down about 22 cents to $7.26 a bushel, and soybeans fell about 21 cents to $16.43 a bushel.<\/p>\n<p style=\"text-align: justify\">The wheat market has been in turmoil since Ukrainian war started on February 24.<\/p>\n<p style=\"text-align: justify\">The two countries are major wheat exporters, while Ukraine is also a major global supplier of corn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London, (Business News Report)|| The World Food Programme confirmed that the continuation of the Ukrainian war threatens the food security of 125 million people around the world. Ukraine had gone &#8220;from the breadbasket of the world to breadlines,&#8221; said David Beasley, Executive Director of the World Food Programme. &#8220;It\u2019s not just decimating dynamically Ukraine and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":222456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[207],"tags":[7959,6833,16,974,6850,7694],"class_list":["post-222455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-corn","tag-featued","tag-food","tag-russia","tag-ukraine","tag-wheat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WFP: Ukrainian war threatens efforts to feed 125 million people globally<\/title>\n<meta name=\"description\" content=\"BNReport| WFP confirmed that the continuation of the Ukrainian war threatens 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