Business
Why Prices Of Wheat And Bread Will Be Affected By Russia-Ukraine War – Okonjo-Iweala
Why Prices Of Wheat And Bread Will Be Affected By Russia-Ukraine War – Okonjo-Iweala
The Director-General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala says the Russia-Ukraine war is threatening global stability.
In a statement on Wednesday, Okonjo-Iweala said the organization is saddened by the war, which they hoped would have been averted.
With the battle raging on and talks between Ukraine and Russia yet to yield results, the WTO is concerned about the implications.
Read Also FG Clears The Air On Imposition Of Sanction On Russia
“We are also concerned about the trade implications of the conflict, especially trade in agriculture and food products and the rise in energy prices and their effects on the impacted population,” Dr Okonjo-Iweala said.
Dr Okonjo-Iweala warned that the war in Ukraine, a major wheat exporter, would hurt consumers around the world.
Speaking at a virtual event with IMF Chief, Kristalina Georgieva, Okonjo-Iweala said the war will have a “big impact on Wheat prices and prices of bread for ordinary people as well.”
She added that the WTO is praying for “a peaceful and quick resolution” to the crisis as soon as possible.
Never Miss Any News, Join Our WhatsApp Group With This Link Below
https://chat.whatsapp.com/DdBOorlQD6wE9BhmOAon3c
-
Latest News2 weeks agoFG Releases Permanent Secretary Exam Results; 14 Candidates Progress To Next Stage
-
Latest News2 weeks agoShake-Up In Police: Full List Of DIGs Retiring After Disu’s Appointment
-
Latest News2 weeks agoSh*ck Exit: Presidency Reveals Why Egbetokun Resigned As IGP
-
Latest News2 weeks agoObanikoro Reveals Why Tinubu Lost Lagos In 2023 Presidential Election
-
Latest News2 weeks agoBREAKING: Court Issues Fresh Ruling In ₦1.5bn EFCC Case Against Ex-Governor Babangida Aliyu
-
Latest News1 week agoAhmed Audi Steps Down As NSCDC Commandant-General
-
Latest News2 weeks agoNational Convention: APC Assigns Key Roles To Akpabio, Fubara, Ribadu, Uzodimma And Others [Complete List]
-
Latest News2 weeks agoBREAKING: “Serial Disrespect” Sparks Drama As Senate Orders Arrest Of CAC Registrar
-
Latest News2 weeks agoUmahi Fires Back At Sowore Over Viral FCT Police Drama, Denies Any Intimidation
-
Latest News1 week agoPresidency Breaks Silence On ‘Poison Plot’ Against Tinubu
-
Latest News5 days agoComplete List: IGP Tunji Disu Constitutes 8-Member Committee On State Police
-
Latest News1 week agoBreaking: Acting IGP Disu Redeploys ACP Bukola Kuti To NIPSS – Shake-Up In Police Ranks

