+100 billion in costs globally for wheat and maize in 2 months of the war between Ukraine and Russia
Wheat
Maize (Corn)
Ukraine
Russia
Published Apr 25, 2022
Tridge summary
Two months after the start, the war has already cost nearly 100 billion dollars globally just due to the increase in the prices of wheat and corn for human and animal feed, which have jumped by 22% and 17%, respectively, but cascading effects were felt on all food products.
Original content
Two months after its start, the war has already cost nearly 100 billion dollars globally just due to the increase in the prices of wheat and corn for human and animal feed, which have jumped by 22% and 17% respectively. but cascading effects were felt on all food products. This is what emerges from the balance drawn up by Coldiretti on the impact of the increase in prices on the value of world production at the weekly closing of the Chicago Board of Trade, the world reference point for trade in agricultural production. The prices on the future market of wheat - Coldiretti underlines - rose to 10.75 dollars per bushel (27.2 kilos) while corn settled at 7.88 dollars, but up compared to the day of the invasion of the Ukraine are also rice (+ 6%) and soy (+ 2%) which was already treated at high values. In fact, with the war there is a risk of missing from the market over ¼ of the world wheat with Ukraine which, together with Russia, controls about 28% of international trade with over ...
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