DRG News published an article stating that the longer the Russia-Ukraine war continues, the greater the likely shortfall in global grain production. Senior research fellow Joseph Glauber says planting is being prevented, ports and infrastructure areas destroyed, and sanctions and export controls are impeding Russian exports. “We’re going in very, very tight to begin with. And, again, if we’re actually talked about not a lot of wheat coming out of Russia, either, this is going to be very, very tight. Again, I think these countries, these big wheat importing countries are going to pay for wheat, we’re going to draw down world stocks…come out of 22/23, even tighter than we went in.”
Russia-Ukraine War challenging global grain production, worsening world hunger and poverty (DRG News)
March 24, 2022