Russia's invasion of Ukraine threatens wheat exports

Published 2022년 2월 22일

Tridge summary

US Secretary of Agriculture, Tom Vilsac, has expressed concerns over the potential impact of Russia's invasion of Ukraine on the export of Ukrainian wheat, which could negatively affect American farmers. He has suggested that American farmers could avert supply chain issues by increasing wheat production. The conflict is expected to disrupt the commodity markets, particularly affecting the largest buyers of Ukrainian wheat in South Asia, Europe, Africa, and the Middle East. These countries rely heavily on Ukrainian wheat imports for staple foods like bread. The situation is further complicated by pandemic supply chain disruptions, increased costs of fertilizer and agricultural equipment, and rising wheat prices to their highest in nearly a decade.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

US Secretary of Agriculture (USDA) Tom Wilsac said that Russia's invasion of Ukraine threatens the export of Ukrainian wheat and will affect American farmers. This was reported by Arkansas Democrat Gazette with reference to the Associated Press. "American farmers growing wheat will increase production and prevent supply chain problems if a possible Russian invasion of Ukraine stops agricultural exports," he said. It is noted that during the "trade mission" in the United Arab Emirates, Wilsak said that the conflict in Ukraine, obviously, will give us the opportunity to intervene and help our partners, to help them in difficult times and situations. "Rising tensions and militarization along the Russian-Ukrainian border, as well as pandemic backlogs in supply chains and spikes in fertilizer and agricultural equipment costs, have helped raise last year's wheat prices to their highest level in nearly a decade," the statement said. The disturbance in commodity markets caused by the ...

Source: Landlord