Will the EU replace Russia and Ukraine in grain supplies?
Russia
Ukraine
Published Mar 26, 2022
Tridge summary
Almost every day the price of wheat goes up. Due to the rise in prices for it, the fear of possible famine in many countries of the world is increasing. Market participants are increasingly answering the question: will the EU be able to replace Russia and Ukraine in the supply of grain, thereby mitigating the consequences of the war in Ukraine, KazakhZerno.kz writes. Considering the situation on the grain market in detail, one cannot fail to mention the main thing: enough wheat is grown all over the world to provide the people of the whole world with food.
Original content
This is good news, but there is also bad news. Wheat prices are rising. It is not cultivated where it is most needed. When the Russian authorities imposed a temporary ban on the export of a number of grain crops, in particular barley, rye and wheat, grain prices rose again. Because of this, fears about the possible emergence of famine and food riots intensified. According to German Green Party MEP and agricultural policy expert Martin Heusling, when the Russian Federation partially banned the export of wheat, they began to say that Vladimir Putin is using grain as a weapon, threatening the food security of many countries, in particular the poor countries of the South . He believes that the Russian Federation has thrown a new, hitherto completely unknown challenge to the world. If we turn to the data of the Federal Office for Economics and Export Control of Germany, then the share of Russia in world wheat production is 16.8%, and Ukraine - 11.5%. Ukraine holds a share of 17% in ...
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