NewzThe head of the UN agriculture development fund, speaking in Bangkok, Thailand, has warned that a global food crisis is looming following a significant global energy shock. Rising energy and fertilizer costs are heavily impacting smallholder farmers and driving up the prices of agricultural commodities worldwide.
According to the UN fund, global agricultural prices surged by 13 percent in the third quarter of the year. This sharp increase in production costs and commodity prices has intensified fears regarding global food security.
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