The Ukrainian war shrinks the wallet! Prices of bread, cereals, and meat may rise  (Apple Daily)

Apple Daily (China) published an article on the impact Russia’s invasion of Ukraine could have on food supply. Even in countries far from Ukraine, consumers may feel the effects of the war while dining. After two years of supply chain problems, global food companies are running out of options, and consumers’ grocery bills are poised to rise further. Citing IFPRI, the Wall Street Journal noted that Russia and Ukraine supply about one-third of the world’s wheat, one-quarter of barley and nearly three-quarters of sunflower oil. If the Ukrainian war destroys the country’s ports or hinders the planting and harvesting of crops, it could disrupt the supply of these agricultural products. According to IFPRI data, about 80 percent of Ukraine’s wheat harvest last year has been exported and the next crop has been planted. However, the planting of other crops, such as corn, to be planted this spring, and the harvest of wheat planted last fall could be disrupted by the war.