RIO DE JANEIRO BRAZIL - The recent military operation in Ukraine has caused a spike in global food prices, which could lead to Arab Spring-like unrest in some countries.
The Russian advance is cutting off grain exports, bringing global food prices to record highs. Ukraine is known as the “breadbasket of Europe,” and the Russian military operation is choking off the export of the required grains.
Grain prices hit new highs last week, and global food costs are now higher than they were during the 2011 Arab Spring, raising concerns that political unrest sparked by food price shocks could be. . .
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