Russia’s war in Ukraine has sent wheat prices soaring, raising the risk of severe food shortages and hunger in some regions of the globe.
World food prices, already surging because of the pandemic, reached an all-time high in February, when they increased by about 2.1 percent,. Wheat is a global commodity and war-related shortages are making prices more volatile. The United States exports about half of its wheat supply.
“There’s some opportunity for shifting of trade flows and sources we don’t normally think of that can buy us some time to see how long and deep this conflict is or if it expands,” Welch said.“It’s just kind of a shock for the grain system,” said Mike Carstensen, a dryland wheat farmer in Washington state. “It’s not all rosy down on the farm.”
Sanctions against Russia have driven up oil and gas prices, which increases the cost of driving tractors in the field and transporting wheat to major markets by truck or, as is common in the Pacific Northwest, by barge. Herbicides and pesticides, which are tangled up in production and supply chain slowdowns, remain in short supply and are priced high, farmers said., according to recent research. Some regions have been particularly hard hit.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
UN Warns Russia's Attack on Ukraine Could Spike Global Food Prices by 22%\u0022The global number of undernourished people could increase by eight to 13 million people in 2022 and 2023,\u0022 says a new report by FAO, the global food agency.
Leer más »
Guinness 0.0, Brand's First Non-Alcoholic Beer, Celebrates Its First St. Patrick's DayThe new buzz is no buzz with Guinness’ non-alcoholic stout, Guinness 0.0, making its St. Patrick’s Day debut this year.
Leer más »
5 charts show the stages of global economic recovery since Covid hitTwo years after the WHO declared Covid a pandemic, here are five charts that show much — or how little — the world has recovered.
Leer más »
Global pandemic death toll is three times higher than reported Covid-19 deaths suggest, study findsThe Covid-19 pandemic may have been three times deadlier than the reported death toll suggests.
Leer más »
Oil price shock jolts global recovery as economic impact of Russia’s invasion spreadsEurope to bear greatest costs while inflation fight in U.S. gets tougher.
Leer más »