UN agency warns Ukraine war could trigger 20 percent food price rise: Reuters

The FAO said it was not clear whether Ukraine would be able to harvest crops if the war dragged on (Shutterstock)
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Updated 11 March 2022
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UN agency warns Ukraine war could trigger 20 percent food price rise: Reuters

ROME: International food and feed prices could rise by up to 20 percent as a result of the conflict in Ukraine, triggering a jump in global malnourishment, the United Nations food agency said on Friday, according to Reuters.

The Rome-based Food and Agriculture Organization said it was not clear whether Ukraine would be able to harvest crops if the war dragged on, while uncertainty also surrounded the prospects for Russian exports in the coming year.

FAO said Russia was the world’s largest exporter of wheat and Ukraine was the fifth largest. Together, they provide 19 percent of the world’s barley supply, 14 percent of wheat, and 4 percent of maize, making up more than one-third of global cereal exports.

Russia is also a world leader in fertilizer exports.

“The likely disruptions to agricultural activities of these two major exporters of staple commodities could seriously escalate food insecurity globally,” FAO Director General Qu Dongyu said in a statement.

FAO’s food price index hit a record high in February, and looks certain to climb further still in the months ahead as the consequences of the conflict reverberate around the world.

FAO said only part of the expected shortfall in exports from Russia and Ukraine could be met by other countries.

“Worryingly, the resulting global supply gap could push up international food and feed prices by 8 to 22 percent above their already elevated levels,” it said.

Between 20 percent and 30 percent of fields used to grow winter cereals, maize and sunflower in Ukraine will not be planted or will remain unharvested during the 2022/23 season, FAO predicted.

FAO said 50 countries, including many of the least developed nations, depend on Russia and Ukraine for 30 percent or more of their wheat supplies, leaving them especially vulnerable.

“The global number of undernourished people could increase by 8 to 13 million people in 2022/23,” FAO said.

The most pronounced rises would be seen in the Asia-Pacific region followed by sub-Saharan Africa, the Near East and North Africa.

FAO urged other countries not to impose export restrictions on their own produce. “They exacerbate price volatility, limit the buffer capacity of the global market, and have negative impacts over the medium term,” the agency said.

A number of countries worldwide have announced food export restrictions or are considering bans to protect their domestic supplies after Russia’s invasion of Ukraine, which Moscow terms a “special operation.” 


Saudi Arabia sees 21% jump in mining sector licenses since 2016

Updated 15 December 2025
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Saudi Arabia sees 21% jump in mining sector licenses since 2016

  • The growth in the Kingdom’s mining sector licenses aligns closely with Saudi Arabia’s Vision 2030 objectives, launched in 2016

RIYADH: Saudi Arabia’s mining sector has shown sustained growth, with the number of mining licenses increasing from 1,985 in 2016 to 2,401 by the end of 2024, representing cumulative growth of 21 percent, according to the 2024 mineral wealth statistics from the General Authority for Statistics.

The data highlights a steady upward trend in recent years. Licenses rose to 2,100 in 2021, marking a 6 percent increase from the previous year. 

The upward trajectory continued with 2,272 licenses in 2022, 2,365 in 2023, and 2,401 in 2024, reflecting expanding exploration and investment activity across the Kingdom’s mining sector. Building material quarries accounted for the largest share of mining permits, climbing from 1,267 licenses in 2021 to 1,481 by 2024. 

Exploration licenses also recorded consistent growth, supporting the Kingdom’s broader push to develop its mineral resources. 

Other categories of mining activity saw significant expansion, including 2,554 exploration licenses, 744 exploitation licenses, 151 reconnaissance licenses, and 83 surplus mineral ore licenses issued during the same period.

The growth in the Kingdom’s mining sector licenses aligns closely with Saudi Arabia’s Vision 2030 objectives, launched in 2016, which aim to diversify national income sources and strengthen non-oil sectors.