U.S. Futures Fall With Threat of Desperate Food Shortage Crisis, Crypto Coins News
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The U.S. stock market is on track to open with a minor correction after a 4% drop on Friday.
The UN has warned of a serious food crisis as supply chains see lacking resources.
Retail investors’ stock appetite is expected to decline over the coming weeks as millions of people face unemployment and food shortage.
The US stock market is set to open with a minor pullback, reversing from an initial rebound in pre-market trading. Stocks are expected to see another extremely volatile week as the United Nations warns a global food crisis.
according to the Food and Agriculture Organization of the United Nations, agricultural supply chains across the world are seeing significant pressure due to lacking manpower and limited resources, which potentially may cause food shortages in many regions.
The United Nations’ Food and Agriculture Organization stated:
We risk a looming food crisis unless measures are taken fast to protect the most vulnerable, keep global food supply chains alive and mitigate the pandemic’s impacts across the food system.
The shortage of food and necessities could continue to decrease the appetite of investors towards high-risk investments such as single-stocks, causing the stock market to slump.
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