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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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World Bank: Commodity Prices In Iraq Have Risen 7% Over The Past Two Months

rocky
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World Bank: Commodity Prices In Iraq Have Risen 7% Over The Past Two Months Empty World Bank: Commodity Prices In Iraq Have Risen 7% Over The Past Two Months

Post by rocky Fri Aug 05, 2022 6:02 am

[size=38]World Bank: Commodity Prices In Iraq Have Risen 7% Over The Past Two Months
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LAST UPDATE 08/04/2022 | 1:27 PM
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Information/Baghdad..
In a report, the World Bank warned of the danger of continuing high inflation in most low- and middle-income countries, noting that the share of high-income countries, noting that Iraq witnessed a rise of 7.6 in foodstuffs.
Lebanon ranked first globally on the World Bank's index of food price inflation, surpassing Zimbabwe, which came in second, and Venezuela in third place. This indicates the magnitude of the challenges ahead for Lebanon, which suffers from a severe crisis in its food security.
The World Bank warned of the danger of persistent high inflation in most low- and middle-income countries, noting that the share of high-income countries that face high inflation is witnessing a sharp increase in their rates as well, and published a list of the ten countries most affected by inflation and high prices.
His statistics for the year 2022 showed that the prices of food and beverages continued to rise in many countries of the Middle East region compared to the same period last year. He attributed the direct cause of this reality to the Russian war on Ukraine, as the Middle East and North Africa region relies heavily on the Black Sea region for wheat consumption, stressing that the war in Ukraine “threatens poor countries with a food crisis and overlapping debt.”
While the report indicated that wheat is one of the staple foods in the Middle East and North Africa, the war in Ukraine is causing disruption in the wheat supply chain, causing critical problems in food security in the region. As a result, the CPI for food increased significantly in most countries of the region, with Egypt (24.2 percent), Morocco (9.5 percent), Iraq (7.6 percent), Lebanon (216 percent), and (Syria 71 percent). ), Yemen (43 percent), Palestine (8.1 percent), and most of these countries are facing severe wheat shortages. Done/25 d
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    Current date/time is Thu Aug 11, 2022 2:40 pm