Bloomberg: Shoppers Scramble for Staples as Food Fallout From War Spreads
The shockwaves in global crop markets from Russia’s invasion of Ukraine are now spreading to store shelves.
Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world’s biggest wheat importer, prices for some unsubsidized bread have jumped in the past week.
The war has already driven wheat prices 70% higher in Chicago this year and is threatening to upend global food trade. Russia and Ukraine are vital suppliers of grains, vegetable oil and fertilizers, which means that supply disruptions will be felt all over the world.
Wheat prices have surpassed levels last seen during the 2008 global food crisis -- which helped spark widespread protests -- and a United Nations index of food prices hit a record in February.
Read more ....
Global Food Price Shock Spreads As Russia - Ukraine War Escalates
Shoppers Scramble as Ukraine War Hikes Global Food Prices -- Time
Ukraine war could send bread, noodle and livestock feed prices skyrocketing -- ABC News Australia
Ukraine War Threatens Food Supplies in Many Nations -- VOA
Wheat prices hit 14-year high, food shortage fears rise -- FOX News
‘We need bread’: fears in Middle East as Ukraine war hits wheat imports -- The Guardian
Surge in wheat prices expected to seed more suffering -- Axios
4 comments:
The West and MSM totally ignored this situation for the last 8 years.
https://www.youtube.com/watch?v=b8j0tJsKltg&ab_channel=77MegaMix
We are in a bad situation. That said, how we will be in the next few days? Currently nothing is predictable....worrying.
https://en.wikipedia.org/wiki/Anne-Laure_Bonnel
Look at the chart. Trump years were good and the Obama years were bad.
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