EU Foreign Ministers Agree to Launch Mission to Protect Ships in Red Sea – Impact on World Food Market and Prices

European Union (EU) foreign ministers have agreed to set up a mission to protect ships in the Red Sea. This was stated at a press conference following a meeting of the EU Council in Brussels by the head of European diplomacy, Josep Borrell.

“Agreement in principle has been reached on the launch of this mission, various options for this mission are now being discussed, it remains to be decided when and how it will be launched,” Borrell said, as quoted by RIA Novosti.

As reported EADaily, the world food market, experts believe, is already suffering the consequences of unrest and disruption of supplies through the Red Sea. By message Bloomberg, prices are rising, and many products arrive spoiled.

Many types of food, from coffee to fruits and vegetables, are suffering from the chaos in the Red Sea.

The ships, fearing attacks by the Houthis in the waters, make a long detour and sail around the African continent, which is much longer and more expensive. But if oil, gas and consumer goods simply become more expensive after such a long journey, then the products arrive in an unsaleable form.

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2024-01-22 18:59:00