WTO chief warns of global food crisis

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    • WTO chief warns of global food crisis

      The head of the WTO said the food crisis caused by the Ukraine war could last for years without intervention.

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      African countries could be hit hard especially by shortages of wheat and fertilizer, WTO Director-General Ghozi Okonjo-Iwela told the BBC.Millions of tons of rice are in warehouses and Ukrainian ports cannot be exported because of the war.She said it was "very sad" to see grain prices soar.Ukraine is the world's largest exporter of wheat. It contributes 9% of the global market. It also accounts for 42% of the global sunflower oil market and 16% of the global corn.

      Due to traffic congestion due to the blocking of Russian Black Sea ports and Russian and Ukrainian mines along the coast. Between 20 and 25 million tons of wheat are stranded in Ukraine. while grain prices in the world market skyrocketed Ms Okonjo-Iwela said wheat prices were up 59 percent year-on-year. Sunflower oil increased by 30%, while corn increased by 23%.

      The United Nations is leading efforts to create "Rice corridor", with the Turkish navy escorting barges out of Odessa and other Ukrainian ports.But Russian Foreign Minister Sergei Lavrov said Ukraine needed to clear landmines from Black Sea ports.We state every day that we are ready to guarantee the safety of ships leaving Ukrainian ports and heading to We are ready to do so in cooperation with our Turkish colleagues