Governments around the world prepare for impending global crisis

Governments Around The World Prepare For Impending Global Crisis
Governments Around The World Prepare For Impending Global Crisis
Governments around the world prepare for impending global crisis bbmlogo 84

MANILA — The determination of new president Ferdinand “Bongbong” Marcos, Jr. of prioritizing and boosting agriculture will be realized through immediate and long-term actions as governments around the world prepare for an impending food crisis and rising levels of food insecurity, the press said. Secretary Atty. Trixie Cruz-Angeles.

Multiple overlapping crises have created a “perfect storm” for a global food crisis, according to the World Bank, the World Trade Organization (WTO), and the Food and Agriculture Organization’s June-September 2022 hotspot prospects ( FAO) of the United States. United Nations and the World Food Program (WFP).

FAO’s and WFP’s perspectives on famines warn of “acute food insecurity”.

“The lingering effects of COVID-19, weather extremes, economic shocks, conflict, rising fuel and energy costs, public debt burdens and supply chain disruptions brought on by the war in Ukraine have been identified as factors exacerbating the tension. in food security, which has now become a race against time,” Angeles said.

The hotspot perspective states: “Organized violence and conflict remain the main drivers of acute famine… In addition, weather extremes such as tropical storms, floods and droughts remain critical factors in some regions”.

He adds: “The ripple effects of the war in Ukraine have reverberated globally in the context of a gradual and uneven economic recovery from the COVID-19 pandemic, steadily rising food and energy prices, and deteriorating macroeconomic conditions.”

Since the war began in February, shipments from Ukraine’s Black Sea ports have stopped and those from the Russian Federation have reduced in volume, significantly increasing the cost, especially for countries dependent on food imports.

“Disruptions in Ukrainian agricultural production, logistics and food processing caused by active fighting and shortages of inputs already affect the global food supply. In addition, already high fertilizer costs – exacerbated by market uncertainties caused by the war – have reached record levels,” the outlook states.

According to Morgan Stanley, Russia and Ukraine export 28% of fertilizers made from nitrogen and phosphorus.

Wheat exports from the two countries, however, represent around 29% of international exports.

Citing the outlook and an earlier statement from the Philippine Chamber of Agriculture and Food (PCAFI), Angeles said food protectionism plus the need to control domestic prices amid spikes in world prices and the expected food crisis could push exporting countries to limit or ban food and other exports.

This happened during the 2007-2008 food crisis.

“This will be a challenge for the new Marcos administration as we are currently dependent on some food imports, including rice,” Angeles said.

She added: “This will require an immediate response, even as President-elect Marcos emphasizes that long-term solutions must be underway simultaneously.”

During the campaign period, Marcos underscored the need to push the Philippines forward to achieve food security and eventually food sovereignty – putting control back in the hands of the community and the people, directly linking farmers to consumers, and limiting the number hands on the value chain; implementation of subsidies; limit import; adopting modern techniques and encouraging research and development to promote innovation.

In April, he explained that efforts to boost the local agricultural sector will not be immune to “intervening factors” that are out of control, such as rising fuel prices on the world market.

Pump prices rose again in June due to increased demand in the northern hemisphere nations that are now in summer and the European Union’s ban on Russian oil.

“We have a methodology on how to do this, but there are many factors that we have no control over, we have no influence – we cannot influence world events that directly affect our farmers,” Marcos told a news conference.

Still, the new Chief Executive emphasized that he remains committed to his aspiration to achieve food security and food sovereignty. (ai/mtvn)

Baca Juga :  Video links 185 63 253 2001 Hot New Russian Museum 2022 newest free

You May Also Like