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EnglishBeware of 2022 Food Stock

Beware of 2022 Food Stock

The government needs to reverse the food policies that can create more producers to offset high consumption. If the farmers prosper, we may expect the food production to increase, and us to prosper too.

· 9 minutes read

The World Bank has announced (7/6/2022) many countries in the world are facing food insecurity and world food prices are predicted to remain elevated in the short and medium term.

Domestic inflation caused by food prices is expected to continue to linger over the next three years. Prices of food, fertilizers and energy are projected to increase sharply in 2022, to decline in 2023, before soaring again in 2024. Inflation due to food insecurity in 70 percent of countries is currently higher than overall inflation. Countries with high dependence on food imports, such as Indonesia, will suffer most from the impact.

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