Daily Mirror (Sri Lanka) reported on how the Russian invasion of Ukraine has resulted in global wheat prices to spiral upwards and its impacts are expected to spill over to nations across the world. Senior research fellow David Laborde was quoted by The New York Times stating that the conflict would leave an “immediate impact on the global wheat market stability. But the real test for the global food supply would be in four months when the next wheat harvest would begin,” he told The New York Times.
He cautioned that the global situation would turn gloomy, “if farmers are unable to harvest due to the lasting military operations or if the port facilities and railroads have been damaged. Countries in North Africa and the Middle East are likely to be hit hard, as they are particularly dependent on wheat from Ukraine and Russia.”