News

The blockade of the Ukrainian grain and wheat puts the global food market on edge

Wheat
Ukraine
Published Jun 14, 2022

Tridge summary

The nervousness in the global food market is mounting as the blockades of Ukraine's ports in the Black Sea have still not been lifted. A gigantic bulk of grain and wheat cannot, therefore, be transported. Food prices will rise further and African countries, in particular, will run into major problems as a result, experts tell NU.nl.

Original content

The nervousness in the global food market is mounting as the blockades of Ukraine's ports in the Black Sea have still not been lifted. A gigantic bulk of grain and wheat cannot therefore be transported. Food prices will rise further and African countries in particular will run into major problems as a result, experts tell NU.nl. "Africa is the largest buyer, because wheat from Ukraine is the cheapest," says Bart de Steenhuijsen Piters, researcher food systems at Wageningen University & Research. "But now that things go wrong there, the Africans are paying the price. Countries such as Ethiopia, Somalia and Tanzania in particular are dependent. They have to buy wheat from other countries and that is considerably more expensive. In the West we are not bothered by this, because it is purely is a matter of purchasing power. We have stocked enough grain here too." Louise van Schaik, head of EU & Global Affairs at the Clingendael Institute, states that unrest could arise in certain ...
Source: Nu
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.