BakeryandSnacks.com published an article stating that as Russia barrels down on Ukraine, multinationals like Grupo Bimbo, Nestle, and Mondelez are closing operations citing safety concerns, and the already-stressed global wheat supply will get stretched to its limit.” Senior research fellow David Laborde told The New York Times the crisis could have an immediate impact on the global wheat market stability. “The real risk for global supply will be on what happens over the next four months when the next wheat harvest is set to begin. By then, if farmers could not harvest due to lasting military operations, or if port facilities and railroads have been damaged, the situation will be particularly gloomy.”
The knock-on effect of Russia’s offensive on global bread supply (Bakery and Snacks)
March 01, 2022