The coming global food crisis

What’s happening?

heat and other grain prices have surged since the Russian invasion of Ukraine due to fears of a supply crunch that threatens to send global food prices soaring and fuel food insecurity around the world. The issue is that Russia and Ukraine are both major producers and exporters of wheat (and other cereals), and still have crops from last year to ship. That’s currently impossible due to Ukraine’s wartime ban on grain exports and the closure of Ukraine’s Black Sea ports. Meanwhile, paying for Russian exports that do make it out via other routes has been complicated