After more than two years of consistent supply chain disruptions from the pandemic, countries are now seeing inflated food prices and are bracing for potential shortages resulting from the compounded effect of Russia’s war in Ukraine. Regarding the looming threat of food scarcity, U.S. President Joe Biden announced on March 24 that “It’s going to be real,” and explained the United States and Canada may need to increase production to avoid shortages from hitting global markets, like in Europe and nations already struggling with food insecurity. The war between Russia and Ukraine complicates existing supply chain recovery efforts after lengthy COVID-19 related lockdowns and transportation interruptions that began in 2020. Collectively, the two Eurasian countries are powerhouse producers of essential commodities like wheat. Nearly a third of the world’s wheat supply comes from Russia and Ukraine. As of March 24, the grain commodity price rose 26 percent in a month and traded …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta