The Food and Agriculture Organization of the United Nations (FAO) warned that tensions in the Red Sea will affect food trade and lead to higher prices.
Oleg Kobyakov, Director of the Office of the Director of the FAO Office, to communicate with Russia, said: The Ansar Allah group’s “Houthis” siege of the Bab al-Mandab Strait and the Red Sea negatively affects global food trade, and the cost of shipping ships traveling on this route has nearly quadrupled. The transportation of goods decreased by 30%.
The head of the FAO office added: The largest shipping companies in the world refused to deliver goods through the Red Sea, explaining that this led to the disruption of existing logistical chains, and forced the owners of the goods to use a circuitous route, sending ships sailing between Asia and Europe around the Cape of Good Hope. The length of this road is 8 thousand kilometers and extends from 10 to 14 days.
The cost of purchasing additional fuel increases costs by another 15%, and as a result, the price of products rises, leading to food price inflation and a decrease in the economic availability of food products for the final consumer, Kobyakov said.
Since the start of the Israeli aggression on the Gaza Strip, tensions have escalated in the Red Sea, especially after the United States and Britain launched raids on targets belonging to the Ansar Allah group (the Houthis), which confirmed that they will continue attacks on American and British warships in the Red Sea, saying: All ships participating in the aggression against Yemen represent legitimate targets, stressing that this comes in the context of legitimate self-defense.
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2024-04-26 15:44:06
