Commodities

There’s more to the Wheat crisis than just the Russian-Ukrainian war
FOOD SECURITY

There’s more to the Wheat crisis than just the Russian-Ukrainian war

To understand the current international apprehension over the wheat stocks blocked in Odessa, one needs to know that together Russia and Ukraine produce 14% of the world's wheat. But the steep rise in the prices of agricultural products began well before the conflict in Eastern Europe, due to the rush to stockpile by some countries after the pandemic and the forecasts of a decrease in world production.