Share on facebook
Share on twitter
Share on linkedin
Share on telegram
Share on whatsapp

Ukraine War Ignites Protests in Peru as Inflation Anger Goes Global | Food Prices Soar to Record Levels on Ukraine War Disruptions

Marcelo Gonzales is tired and angry about rapidly increasing living costs in his dusty village on Peru’s desert coast, where food and fuel inflation inflamed by the war in Ukraine has ignited protests that threaten to destabilize the government.

The social upheaval in the Andean country underscores how the impact of Russia’s February 24 invasion of Ukraine is rippling around the world, with leaders in Sri Lanka and Pakistan also under public pressure over difficult economic conditions.

Inflation in Peru has reached its highest level in a quarter of a century, hammering people already hit hard by the coronavirus pandemic since early 2020.

“The cost of a family’s basic daily needs has brutally gone up,” Gonzales told Reuters, surrounded by hundreds of angry residents in the western village of Villacuri and where people from all parts of Peru come to work at the large fruit plantations nearby…. Read More Reuters

Food Prices Soar to Record Levels on Ukraine War Disruptions

Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, threatening millions of people in Africa, the Middle East and elsewhere with hunger and malnourishment, the U.N. said Friday (April 8).

The U.N. Food and Agriculture Organization said its Food Price Index, which tracks monthly changes in international prices for a basket of commodities, averaged 159.3 points last month, up 12.6% from February. As it is, the February index was the highest level since its inception in 1990.

FAO said the war in Ukraine was largely responsible for the 17.1% rise in the price of grains, including wheat and others like oats, barley and corn. Together, Russia and Ukraine account for around 30% and 20% of global wheat and corn exports, respectively.

While predictable given February’s steep rise, “this is really remarkable,” said Josef Schmidhuber, deputy director of FAO’s markets and trade division. “Clearly, these very high prices for food require urgent action.”

“There is, of course, a massive supply disruption, and that massive supply disruption from the Black Sea region has fueled prices for vegetable oil,” Schmidhuber told reporters in Geneva…. read more Associated Press

    Who is pumping Ukraine with weapons

    Top donors of military support (over 30 billion euros in total): USA with €23.96bnBritain 2.38 billion eurosPoland 1.7 billion eurosGermany 1.39bn euros US: M777 howitzers

    Ukraine admits major defeat

    Zelensky’s adviser admits loss of Liman, major Ukrainian stronghold in Donbass Russian troops have taken over the town of Liman in the northern Donetsk region,

    Today’s Must-Reads – 25 May 2022

    Covid Nature – Multisystem involvement is common in post-COVID-19 syndrome. PubMed – Atomic force microscopy analysis of native infectious and inactivated SARS-CoV-2 virions. Independent – Fears of long-Covid

    Russia Moves to Withdraw From WHO, WTO

    Proposals for ending membership in the international organizations have been sent to the parliament RT – Russia’s lower house of parliament, the State Duma, is

    Biden seeks $33B for Ukraine

    Russia’s President Vladimir Putin has warned the West of a “lightning fast” response to any country that intervenes in its war against Ukraine war and

    Poland seizes Russian gas assets

    Energy producer Novatek has been ordered to hand over its transmission infrastructure to the country’s state-owned firms RT – Warsaw has obliged the Polish subsidiary

    Top 10 Stories of April 23, 2022

    Zelensky Says He’ll Meet the U.S. Secretary of State and Pentagon Chief in Kyiv Tomorrow — They will be the highest-ranking U.S. officials to visit

    Top 10 Stories of April 21, 2022

    Putin Says Mariupol is “Liberated,” Calls Off Assault on Steel Plant — Instead of the assault, Putin ordered the steel plant to be put under

    0
    Would love your thoughts, please comment.x
    ()
    x

    Get in Touch!

    Purpose of your Contact
    Where can i reach you?
    What would you like to discuss?
    • Bitcoin
    • Ethereum
    Scan to Donate Bitcoin to 1212P3t2h8hK8mF5D1DvKC6Sovxrrq87Gy

    Donate Bitcoin to this address

    Scan the QR code or copy the address below into your wallet to send some Bitcoin

    Scan to Donate Ethereum to 0x406ac4558E9cA21B4Aa85CD5512e22fb3A8797Da

    Donate Ethereum to this address

    Scan the QR code or copy the address below into your wallet to send some Ethereum