Swings for key crops could affect stability in the region."I am deeply concerned that the violent conflict in Ukraine, already a disaster for those directly involved, will also be a tragedy for the world’s poorest people living in rural areas, who cannot absorb the growth of prices of staple foods and agricultural inputs that will result from disruptions in global trade,” said Gilbert F. Houngbo, President of IFAD."We are already seeing rising prices and this could cause an escalation of hunger and poverty with dire implications for global stability.
Houngbo said.Brazil, the world’s biggest importer of chemical fertilizers, already expected low yields this year due to a America Cell Phone Number List persistent drought and is now trying to increase domestic production of fertilizer products as it looks to close the gap left by Russia.Larger producers may be able to weather the storm of higher fertilizer prices, but small, family-run farms that can’t afford higher costs could be hit hard by market volatility for these staples. .Natural gas prices rose last fall as demand rebounded despite low inventories, causing a spike in fertilizer prices.
After the price increase of food products in the basket, the price of coffee in bars and food in restaurants is expected to increase.The representative of the Association of Bars and Restaurants, Enri Jahaj, said that despite the increase in the prices of basic products, the change has not been reflected in the final products, as the cost has been amortized by the service entities.Jahaj says that the situation will be temporary and prices are expected to change in these structures as well."Currently, the prices of food products have increased by 20 to 30% or up to 40%, such as the sunflower oil product that is used in high quantities in fast food. The increase in basic products is not reflected in the final.