France Considers Giving Out Food Subsidies Amid Rising Prices

France Considers Giving Out Food Subsidies Amid Rising Prices

Share to Linkedin France is considering handing food vouchers to middle- and low-income households to help them weather rising food prices, which have worsened following Russia's attack on Ukraine, President Emmanuel Macron said in a radio interview Tuesday. French President Emmanuel Macron speaks at a joint press conference with German Chancellor Olaf ... [+] Scholz on January 25, 2022, in Berlin, Germany. (Photo by Kay Nietfeld - Pool/Getty Images) "We will be facing a worldwide food crisis," said Marcon, who is up for re-election next month, according to CNN. French Foreign Affairs Minister Jean-Yves LeDrian said Monday the conflict in Ukraine could potentially trigger famine if farmers are unable to continue their work. Global wheat futures have surged since Russia's invasion of Ukraine, which is the world's fifth-largest exporter of wheat, according to the USDA. Earlier this month, Ukraine blocked exports of certain agricultural products, including rye and oats, and the government has required sellers obtain permission to export products such as wheat and corn. Wheat prices briefly hit a record high of $13. 64 a bushel on March 8, as the conflict in Ukraine disrupted exports of agricultural goods from that country. Even before Russia invaded Ukraine, food prices