The paradox: Ukraine full of grain that it cannot export and African countries that risk plunging into hunger

Published 2022년 6월 16일

Tridge summary

Grain harvesting has commenced in Western Europe, but drought and conflict are expected to reduce grain availability. Ukrainian wheat remains blocked due to full ports and mine action, leading Asian millers to increase purchases of wheat from France and Romania. The Ukraine Ministries of Agriculture and Infrastructure predict a global wheat shortage and record prices due to lost storage capacity and unshipped grain. The Po Valley's water crisis threatens agriculture and over 100 cities, and US inflation and heat wave conditions are impacting agricultural markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Grain harvesting has already begun in Western Europe. To indicate the trend of European markets, the analyst of international financial markets, Sandro Puglisi, writes about the "hesitation phase". The problem, even in many grain areas of the old continent, is drought. With an advance of maturation. In the background is looming a reduction in the availability of grain, because beyond the talk about the unblocking of Ukrainian wheat, on the trains that should carry Ukrainian wheat as an alternative to ships, Ukrainian wheat remains blocked: and remains blocked because Ukrainian ports are full of mines. Not surprisingly, writes Puglisi, “Asian millers will increase their purchases of wheat from France and Romania in the new harvest year starting in July, as supplies from the world's leading exporter, Ukraine, remain interrupted. Thus - adds the analyst of world markets - the usual pressure of the harvest collides with the lack of availability linked to the conflict in the Black Sea ...
Source: Inuovivespri

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