Wheat prices in Chicago reach 6%, rice prices reach highest level since 2013
Chicago … News Time
Corona virus is widespread worldwide after that, every country globally is facing problems.Medical emergency was also enforced globally by the World Health Organization after which every country was asked to take precautionary measures. In view of these risks, people around the world began hoarding their homes in fear. After that, food shortages have been observed in most countries. In this regard, the United Nations has also issued an alert that if the situation does not improve food prices around the world are at risk.
In Chicago, wheat prices have risen 6 percent, rice prices reached the highest level since 2013, and the report said followed by more risks. Due to the fear of people buying too much is causing inflation, which is followed by worldwide food risk. The UN says supply of grain and oilseeds is widespread worldwide. Because people are buying so much, prices are being raised by governments and business people. It has been further stated that if governments and large importers purchase too much, the prices will increase substantially, which will cause problems globally.
