Soaring Dollar Leaves Food Piled Up in Ports as World Hunger Grows
Importers from Ghana to Pakistan have struggled to pay for cargoes, risking shortages and adding to global food inflation.
A worker stacks sacks of processed rice at a warehouse in Saint-Louis, Senegal.
Photographer: Xaume Olleros/BloombergThis article is for subscribers only.
Food importers from Africa to Asia are scrambling for dollars to pay their bills as a surge in the US currency drives prices even higher for countries already facing a historic global food crisis.
In Ghana, importers are warning about shortages in the run up to Christmas. Thousands of containers loaded with food recently piled up at ports in Pakistan, while private bakers in Egypt raised bread prices after some flour mills ran out of wheat because it was stranded at customs.