OREANDA-NEWS. Russia's special operation in Ukraine led to the fact that in the United States there was a record rise in food prices since the early 1980s. The Washington Post writes about it.

“At the beginning of the week, futures for corn on the Chicago Mercantile Exchange exceeded eight dollars per bushel, which was a record high,” the publication noted.

The article indicated that this situation occurred for several reasons. First of all, the rise in price was due to the situation in Ukraine. Prices were also driven up by bird flu outbreaks in previous years, a drought in California, and problems with logistics and supplies.

In addition, in mid-April, US President Joe Biden promised to allow the sale of gasoline with a high ethanol content by the summer, which was supposed to lower prices at gas stations. However, this will have a negative impact on the environment and lead to an increase in food prices.

On April 26, Compact-online wrote that due to the lack of fertilizers from Russia and Belarus, farmers around the world will not be able to grow seeds, so “the greatest famine in history” could begin. Market experts agreed that fertilizers have become almost inaccessible to poorer countries.