Money - International
Keep global food supply chains intact, WTO and UN agencies urge
Roberto Azevedo, director-General of the World Trade Organisation, during an interview at the WTO headquarters in Geneva November 22, 2017. u00e2u20acu201d Reuters pic

GENEVA, April 1 — Food supply chains must be protected from any trade-related measures taken during the Covid-19 pandemic, the heads of the World Trade Organisation (WTO) and UN food and health agencies said yesterday, warning of possible shortages and price spikes.

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They voiced concern that disruptions to the movement of agricultural and food industry workers or food containers could result in the spoilage of perishables and increasing food waste and said protectionism was also a risk.

"Uncertainty about food availability can spark a wave of export restrictions, creating a shortage on the global market,” WTO director-general Roberto Azevedo, and the heads of the World Health Organization Tedros Adhanom Ghebreyesus and the UN's Food and Agriculture Organisation Qu Dongyu said.

"Such reactions can alter the balance between food supply and demand, resulting in price spikes and increased price volatility.”

Such measures are particularly damaging to low-income, food-deficit countries and aid agencies' food procurement for those in desperate need, the joint statement said.

Azevedo said last week that WTO projections show the economic downturn and job losses caused by the coronavirus pandemic would be worse than the 2008 recession. — Reuters

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