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Post: Abramchenko explains the causes of the global food crisis


Wheat harvest. archive photo

Abramchenko: The cause of the world food crisis is fertilizer and energy problems

MOSCOW, January 5 – RIA Novosti. Global food inflation has exceeded 30% for the second year in a row, this crisis will continue until 2023, but the Russian market is reliably protected from global price increases, Deputy Prime Minister Victoria Abramchenko told RIA Novosti.

“For the second year, the FAO (Food and Agriculture Organization of the United Nations – ed.) fixed the inflation in the world above 30%, today it is already above 35%. With the money that the economies of developed countries are not supported by anything. We have food inflation in November, tomatoes and cucumber has already jumped -15%. The global one is 35%,” he said.

According to him, the reason for this is, among other things, the sanctions imposed on Russia by Western countries. “Despite the sanctions, we are not left without olive oil, we have coffee, exotic fruits – everything. And it seems that sanctions have been imposed against us, but who is hurt?” Abramchenko added it.

Prices will increase in the next 2023, the Deputy Prime Minister is sure. “The crisis will continue in the world food market. Because the food market depends on two other markets: the mineral fertilizer market and the energy market. And no improvement is expected here for other countries.”

However, the Russian market is reliably protected from global price increases. “One of our duties as a government is not to import inflation ourselves, and we’ve also learned how to do that, for example, through tariff tools. And in many ways we’ve already fulfilled our doctrine of food safety. With milk, we have Belarus, then we have enough milk for two countries,” he said.

Source: Ria

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