Record prices of basic products in the world market

According to the economic reporter of Fars news agency, the prices of basic products in the world markets broke new records on the last working day of this week, and the highest price increase was experienced in oilseeds, wheat and corn.

2 important events, the corona disease and the war between Russia and Ukraine, have had the greatest impact on the growth of global prices over the past 4 years. Russia and Ukraine used to produce 30% of the world’s grain, but their production decreased after the war, and exports from the Black Sea port to other countries were accompanied by fluctuations that sometimes stopped completely.

According to Bloomberg: On the last working day of this week in global markets, the price of a bushel of wheat for delivery in September increased by 28.75 dollars to 701 dollars and 50 cents, the price of a bushel of corn increased by 23 dollars to 597 dollars and It was sold for 50 cents. The highest price growth was related to oilseeds, where soybean oilseed experienced a price increase of 50 dollars, and canola oil plant did not lag behind this price growth and had a price increase of 17.4 dollars in one day.

Ali Hosseini, an agricultural expert, said in an interview with Fars reporter: “Food security in the world has become more critical today than ever before. On the one hand, with climate change and global warming, food production becomes more difficult than ever.” On the other hand, with the growth of the population, the demand increases, which disturbs the balance of supply and demand.

He said: “Every piece of ice that falls from the North Poles makes it more difficult to supply the world with food.”

There are reports that the polar ice is getting thinner every day, this is a sign of global warming and a sign of the production temperature balance being upset. Recently, the United Nations World Food Organization also reported that each degree that the earth warms reduces the seed germination capacity by 50%.

With the shock of the wars to the market, a great thirst has been created between countries for storage, so that China has stored half of the world’s exported wheat in its warehouses, and caused a part of the food that should circulate between the borders to be locked in the warehouses, which itself is a factor for growth. The prices are

Politics in the world today is more than ever tied to food, and some countries use it as a tool to put pressure on other governments, that’s why countries to overcome these problems, produce basic goods domestically and reduce dependence on They have started importing.

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