Commentary Many have read that there’s a food crisis looming and there are significant concerns about grain shortages. The main reason for this possible crisis is the Ukraine invasion. However, this is not the full picture. Many countries around the world have a large deficit in cereal production, which is essential to feed livestock. The…
Ukraine War Creates Wheat Crisis in Middle East and North Africa, China Looking to Take Advantage
March 15, 2022
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Business & EconomyEgyptEuropefood supplyLebanonMarketsMiddle EastRussia-Ukraine WarUkraine crisiswheat productionWorld
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Russia’s war with Ukraine is creating worries of a potential global wheat supply crunch, with countries in the Middle East especially standing to lose the most due to their dependence on the two nations for the staple. Russia and Ukraine combined account for 29 percent of global wheat exports, with the Middle East being a…
Ukraine War Triggering Global Food Crisis, Possible Rise in ‘Chronically Hungry People’
March 14, 2022
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Business & EconomycommoditieseconomyEuropefertilizerhigher food pricesinflationInternationalMarketsRussia Ukraine invasionRussia-Ukraine Warrussian exportswheat productionWorld
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Russia’s war against Ukraine and the resulting sanctions are pushing the world into a food crisis, according to fertilizer and coal billionaire Andrei Melnichenko. The war “has already led to soaring prices in fertilizers which are no longer affordable to farmers,” Melnichenko, the founder of EuroChem, one of Russia’s biggest fertilizer producers, said to Reuters….
Australian Researchers Find Wheat Gene More Resilient to Hot, Dry Climate
Australian researchers have discovered a new method that could allow the growth of more wheat in harsher climates, according to a new report. Published in the Nature Climate Change journal, the research found a potential strategy revolving around sowing wheat earlier and deeper, by taking advantage of stored soil water. However, modern varieties of semi-dwarf…
Ukraine Bans Export of Oats, Millet, Sugar, Wheat, and More as War Rages With Russia
March 9, 2022
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Business & EconomycommoditiesEuropefood shortage crisisMarketsRussia Ukraine invasionRussia-Ukraine WarUkrainian economywheat productionWorld
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The government of Ukraine has imposed new rules for food exports, banning some items from being exported to other nations as the country attempts to fight off a Russian invasion. “In order to prevent the humanitarian crisis in Ukraine, market stability, and meet the needs of the population in critical food products, the Government has…
World Bank Worried About Global Food Supply and Increasing Prices as War Rages in Major Exporter Ukraine
March 4, 2022
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Business & EconomycommoditiesEuropefood importMarketsRussia Ukraine invasionRussia-Ukraine Warwheat productionWorldWorld Bank
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The Russian incursion into Ukraine is a “catastrophe” for the world, said the president of the World Bank, David Malpass, while warning about the negative impact of the war on global food supplies, prices, and further supply chain crunches. Stressing that his biggest concern was the “pure loss of human lives,” Malpass pointed out that…
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