Panic buying could impact global food supply chain: World Food Programme
4 years, 9 months ago

Panic buying could impact global food supply chain: World Food Programme

Live Mint  

United Nations: The rapidly growing novel coronavirus pandemic is so far having little impact on the global food supply chain, but that could change for the worse – and soon – if anxiety-driven panic by major food importers takes hold, the World Food Programme has said. "But we may soon expect to see disruptions in food supply chains," she said, explaining that if big importers lose confidence in the reliable flow of basic food commodities, panic buying could ensue, driving prices up. Going forward, the WFP report said, it is essential to monitor food prices and markets, and to transparently disseminate information – thus helping to strengthen government policies while also averting public panic, and social unrest. "Planning in-kind food assistance is essential," the report said, noting that supply chain disruptions are likely to affect higher-value items first.

History of this topic

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