Panic buying: A woman looks at the few items left in the fresh meat and poultry fridges in a Johannesburg supermarket. Consumers across the world from Singapore to the United States have queued at super markets in recent weeks to stock up on items ranging from rice and hand sanitizers to toilet paper. — AP
SINGAPORE: Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said.
The world’s richest nations poured unprecedented aid into the global economy as coronavirus cases ballooned across Europe and the United States, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.
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