The World Bank Group has warned that the Ukraine-Russia conflict could cause significant disruptions in global food markets. The two countries together account for approximately 25% of the world's wheat production. The conflict is expected to further increase food prices, which are already rising due to higher energy costs and trade restrictions. The war could also lead to trade disruptions for wheat, corn, and rice, affecting both importers and exporters of these commodities. The most immediate and direct effects of the war are likely to be felt in food markets, with potential for wider impact on energy prices, investment, and global trade.