NPR published a segment on how Russia’s invasion of Ukraine has caused grain prices to rise. Russia and Ukraine supplied a quarter of the world’s wheat before the war. Senior research fellow Joseph Glauber said that the two countries “are global markets. So, what happens in Ukraine happens all over the world. We’ve seen agricultural prices for most grains and oilseeds increase by about 20 to 30 percent. Remember that prices were already high before the war started.” Glauber said, “Any grain that’s coming out and moving into the world market is going to help replace some of the grain that normally would come out of those Ukraine ports.” Republished in various outlets including KUOW, KNPR, WFDD, Interlochen Public Radio, Spot On New York, Cap Radio, KSJD–All Things Considered, KQED–All Things Considered, WNYC.
Russia’s war in Ukraine threatens wheat farming in Romania (NPR)
April 10, 2022