According to the Daily Telegraph, the damage to the Kahovka hydroelectric power station could have a negative impact on food prices in the UK.
According to James Walton, chief economist at the Institute of Food Distribution (IGD), the accident affected about 500,000 hectares of agricultural land.
We are likely to see that the global market will look for alternative sources of supply,” Walton was quoted by the newspaper as saying. This is likely to delay the return of food prices to normal levels.” He added that British consumers will feel higher prices due to possible changes in the global distribution of agricultural products.
According to the newspaper, British Prime Minister Rishi Sunak is already considering the possibility of limiting the price of basic foodstuffs.