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Coronavirus impact: Hoarding of food in countries, threatens global trade

Consumers across the globe are still loading their pantries - and the economic fallout from the virus is just starting

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People wearing protective masks shop at Kendriya Bhandar in the wake of coronavirus pandemic. PTI

Bloomberg
It’s not just grocery shoppers who are hoarding pantry staples. Some governments are moving to secure domestic food supplies during the coronaviruspandemic.

Kazakhstan, one of the world’s biggest shippers of wheat flour, banned exports of that product along with others, including carrots, sugar and potatoes. Vietnam temporarily suspended new rice export contracts. Serbia has stopped the flow of its sunflower oil and other goods, while Russia is leaving the door open to shipment bans and said it’s assessing the situation weekly.

To be perfectly clear, there have been just a handful of moves and no sure signs that much more is on
Topics : Coronavirus

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