Agricultural products have skyrocketed, and the food crisis has spread all over the world

Similar to the energy crisis, there is also the food crisis. According to the “2022 Global Food Crisis Report”, about 193 million people in 53 countries or regions around the world experienced a food crisis in 2021. The COVID-19 pandemic and the Russian-Ukrainian conflict have exacerbated the imbalance between food supply and demand. Ukraine and Russia are major global food exporters. The current round of Russian-Ukrainian conflict directly affected Ukraine's summer grain harvest, and the US and Western countries imposed sanctions on Russia, causing global food and fuel prices to rise rapidly. At one point, the price of wheat futures rose by 1,294, and the price of corn futures once climbed to 824 US dollars. $Chicago SRW Wheat Futures(SEP4) (ZWmain.US)$