New York Times reported that the Russian invasion of Ukraine is threatening to cut off some international shipments of wheat, spurring shortages and pushing the price of a vital crop higher when supply chain disruptions have already sent food costs spiraling. Senior Research Fellow, David Laborde, said the crisis would “likely have an immediate impact on the global wheat market stability.” But the real test for the global food supply would be in four months, he said, when the next wheat harvest would 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,” he said. “Many countries in North Africa and the Middle East are particularly dependent on wheat from Ukraine and Russia and likely to be hard hit.” (Also, see the IFPRI Issue Blog, How will Russia’s invasion of Ukraine affect global food security?)
Ukraine Invasion threatens global wheat supply (New York Times)
February 25, 2022