The Wall Street Journal published an article stating that if conflict with Russia disrupts the nation’s vast agricultural harvests, consumers already paying more for food will face a fresh inflation bout. Uncertainty about supply already is pushing up agricultural futures. Around 80 percent of last year’s wheat harvest has been exported from Ukraine and the next crop has been planted, according to IFPRI. However, plantings of other crops such as maize, which are due this spring, as well as the harvest of wheat planted last fall, could be disrupted by the war. (See blogpost, How will Russia’s invasion of Ukraine affect global food security?)
How War in Ukraine Could Feed Through to Breakfast (Wall Street Journal)
March 02, 2022