Maritime trade faces historic moment, warns UNCTAD | The Guardian Nigeria News
The United Nations Conference on Trade and Development (UNCTAD) has warned that maritime trade is facing a “historic moment of crisis due to the war between Ukraine and Russia, which has disrupted the main sea routes”.
UNCTAD Secretary-General, Ms. Rebeca Grynspan, who revealed this at the World Maritime Forum’s annual summit in New York, said the world needs the shipping industry to weather the stormy seas of crises.
She said the war in Ukraine has not only disrupted major shipping routes and supply chains, but has also triggered global food, energy and financial crises that have caused record prices and could plunge tens of millions of people more hunger and poverty in the world this year.
Grynspan said shipping has a key role to play in cushioning the blow, as ships carry more than 80% of the world’s traded goods, including most of the food, energy and fertilizers people need. desperately need right now.
Grynspan said the price of fertilizers is currently three times higher than the average of the previous decade, which is particularly worrying because it is the highest input cost for many small farmers in the world.
She said that if farmers cannot afford or have access to the fertilizers they need, they will not be able to plant their crops, adding that the world has already lost a planting season in East Africa. West because of this crisis.
Grynspan said that if the fertilizer market is not stabilized, the whole food supply system could be in trouble.
She noted that globally, a record 345 million people in more than 80 countries are currently facing acute food insecurity, according to the United Nations.
“The food accessibility crisis we are facing today could turn into a food availability crisis next year because of the fertilizer problem if we do not intervene. We need more ships and bigger ones,” she said.
She called on the shipping industry to redouble their efforts, while praising the work already done to help load and transport food and fertilizers from Ukraine under the Grains of the Sea Initiative. Black negotiated by the United Nations and Turkey.
“As of September 12, the Black Sea Grain Initiative has enabled more than 2.7 million tonnes of grain and other foodstuffs to flow from the Ukrainian ports of Odessa, Chornomorsk and Yuzhny (Pivdennyi) .
“The UN points out that all the grain leaving the three Ukrainian ports thanks to the initiative, which benefits people in need, has helped to calm the markets and limit food price inflation,” she said. .