A tense Food Shortage is facing by North Korea

North Korean leader, Kim Jong-un issued a rare warning about a “tense” food situation brought about by extensive flooding, the coronavirus pandemic and international sanctions.

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North Korea’s grain production was estimated to have dropped from 4.64 million tons in 2019 to 4.4 million last year. That creates an overall grain shortage of 1.35 million tons this year.

North Korea has always suffered annual grain shortages, though the country has tried to fill the gap with trade and international aid, especially from China.

Kim has since promised to lead his country through the sanctions by building a “self-reliant economy” that produces more goods at home and depends less on trade with the outside world.

North Korea already subjected to the FATF Black List due to on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdictions.