MoneyWeek

What the future holds for food

Both Russia and Ukraine have always been major global food suppliers. Before 2022, they jointly accounted for 29% of the world’s wheat supply, according to the US Department of Agriculture (USDA). The Black Sea has provided a major channel for international grain shipments, while Ukraine has also been a top exporter of barley, corn and rapeseed.

Indeed, with last year’s wheat exports representing almost 12% of the global total, Ukraine is often called the “breadbasket” of Europe. That is partly because its nutrient-rich “black earth” soils are ideal for growing wheat. However, the main wheat regions and ports lie in the country’s south and east: they are situated in what, following February’s invasion of Ukraine by Russia, has become a

You’re reading a preview, subscribe to read more.

More from MoneyWeek

MoneyWeek2 min read
A Mid Cap Maintaining Momentum
Chemring is a FTSE-250 company with a market value of £943m. Its results for the year to 31 October 2023 were released last December. They revealed the largest order book for over a decade, revenue of £473m (up by 19%), underlying operating profit of
MoneyWeek2 min read
Will Ocado Cross The Pond?
In what would be “yet another major blow to the capital’s beleaguered bourse”, Ocado has reportedly discussed with investors the option of moving its listing to New York, says Lars Mucklejohn in City AM. At least one top fund manager had told Ocado t
MoneyWeek1 min read
Dune Is A Prophecy
bloomberg.com Dune: Part Two, the second installment of Denis Villeneuve’s adaptation of Frank Herbert’s science-fiction classic, is “superb”, says Adrian Wooldridge. It also has “something to tell us about the direction history is heading in”. That

Related Books & Audiobooks