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Experts warned about a possible increase in the price of rice and wheat
Pandemic coronavirus infection can lead to higher prices for some food products, according to a report by the International center for cooperation at new York University (NYU CIC).
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Experts NYU CIC submitted a report on the impact of the pandemic coronavirus to the global food market. Experts warn that prices of some food can grow under the influence of several factors. One of these factors can be panic, leading to excessive demand for food.

Also to higher prices may lead the measures to restrict export of food taken in some countries. For example, recently, exports of rice temporarily suspended Vietnam, one of the largest suppliers in the world.

The combination of these factors may lead to a significant increase in prices of some food crops. The greatest risk the jump in prices is subjected to rice and wheat.

As previously reported IA REGNUM, March 31, the Board of the Eurasian economic Commission has banned the export of foodstuffs from the territory of the Eurasian economic Union in the outbreak of coronavirus. The ban covers exports of buckwheat groats, rice, flour, rye, onions, garlic and sunflower seeds.



Translated by service "Yandex.Translation"
Источники: Regnum