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BusinessForget oil; Putin's war destroys wheat market !

Forget oil; Putin’s war destroys wheat market !

Forget oil; Putin’s war destroys wheat market
Vulnerable countries, especially in the Middle East, rely on grain imports, which are now under threat. This threat is causing the catastrophe.
Russia’s invasion of Ukraine is a threat that significantly disrupts global wheat supplies, pushes up prices for vital products, and alerts food security experts to its long-term impact on import-dependent countries in the Middle East and North Africa. It makes a sound.
One week after the conflict, wheat prices are now at their highest, and traders are worried about a reduction or even a complete halt to exports from Ukraine, known as the European Bread Basket; Because Russian forces are damaging Ukrainian ports. In Russia, the world’s largest wheat producer, exports are stalling as international companies abandon their long-standing trade ties and pull out of the country amid widespread Western sanctions.
“We are talking about something that really disrupts production,” said Joseph Glober, a senior fellow at the International Food Policy Research Institute. “The reality that is happening in one of the world’s bread sources is very worrying.”
Source: Foreign Policy

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