03 Ukranian conflict and UK trade barriers with EU driving high food prices and fraud risk
26.04.22 | Global | Supply Chain
The World Bank has warned of expensive food and energy for the next three years, with fears of the global economy heading for a rerun of the weak growth and high inflation of the 1970s. Rising prices and shortages of commodities like sunflower oil are also leading to the risk of increased food adulteration and fraud. Elsewhere, a study has found that the increase in UK-EU trade barriers has led to a 6% increase in food prices between the end of 2019 and September 2021.
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