MAJOR flooding in southern Ukraine has raised fears that food prices will rise even higher as wheat and corn costs shoot up.
Grain storage sites have flooded, destroying supplies destined for the West, and Ukrainian farmers have warned that this year’s harvest is now under threat.
Water from the reservoir of the huge Nova Kakhovka dam gushed out when it was destroyed[/caption]
The major flooding in Ukraine has raised fears that food prices will rise even higher[/caption]
Water from the reservoir of the huge Nova Kakhovka dam, which would have been used for irrigating crops, gushed out when it was destroyed.
Ukraine is one of the world’s biggest exporters of wheat, corn and sunflower oil.
When Russia first invaded, wholesale food prices shot up.
This has been a major driver of food inflation in the UK and food shortages in some countries, such as Egypt.
Ukraine’s agriculture ministry has said that the Kakhovka reservoir provided water to 1.4 million acres of farmland, which produce £1.19billion worth of food annually.
On Wednesday it predicted that fields in southern Ukraine could “turn into deserts as early as next year”.
Rescue efforts in flood-hit Kherson region on Wednesday[/caption]
Source: Fears food prices could rise even higher after major flooding in Ukraine
