World's milk crisis is growing due to the war in Ukraine - Financial Times

21 March 2022, 18:55 | Economy
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The world's milk crisis is growing as the war in Ukraine brought down the supply of feed and fertilizer for cows. Reported by the Financial Times.

Russia's invasion of Ukraine will increase milk production costs as both countries are top exporters of nitrogen fertilizers and wheat, an important cattle feed alongside corn and soybeans..

It is noted that the increase in the cost of feed is a big problem for dairy farmers, since it accounts for 70-80 percent of the costs. Combined with other negative factors, this has already led to problems for the five largest milk exporters in the world..

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Recall, according to the UN, the war of the Russian Federation against Ukraine can lead to mass starvation and the collapse of the food system in the world.. The war has already caused a significant increase in energy and food prices.. The scale of price increases could push more than 40 million people globally into extreme poverty.



At the same time, even before the war in Ukraine, in 2020, about a tenth of the world's population - up to 811 million people - suffered from malnutrition..

More than 418 million undernourished people live in Asia and 282 million in Africa. Nearly 60 million more undernourished in Latin America and the Caribbean. However, the sharpest rise in hunger was seen in Africa, where 21% of the population was undernourished, twice as high as in any other region of the world..




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