Korea will expand exports to Vietnam to include the country’s entire meat market, a step up from Cheong Wa Dae’s announcement last week that the two nations had reached a quarantine agreement for Korean poultry exports to the Southeast Asian economy.

Disruptions to shipping through the Strait of Hormuz could have far-reaching consequences beyond energy markets, with Goldman Sachs warning of significant risks to global agricultural prices.

Carl Skau, Deputy Executive Director of the UN World Food Programme (WFP), stated on Tuesday that if the conflict in the Middle East continues until summer, the number of hungry people worldwide could rise by 45 million. Analysts believe that Africa and Asia will suffer the most, with hunger reaching record levels. “This is a terrible prospect,” Skau emphasized.

Global food prices declined in May, with the UN Food and Agriculture Organization (FAO) reporting a 0.8% drop in its overall Food Price Index on Friday.

Global food insecurity and malnutrition continued to worsen in 2024, with 295 million people suffering from acute hunger across 53 countries, the United Nations Food and Agriculture Organization (FAO) and its partners said in a report released on Friday.

Sustainable agricultural practices are crucial for combatting climate change, which is vital for global food security and the well-being of populations, Coordinator to the Prime Minister on Climate Change, Romina Khurshid Alam said, News.Az reports.