War in World’s Breadbasket Leaves Big Buyers Hunting for Grain
- Russian grain exporters see Black Sea market ‘on pause’
- Importing nations are seeking alternative sources for wheat
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Russia’s invasion of Ukraine is threatening shockwaves through two of the world’s staple grain markets, prompting countries that rely on imports from the region to seek alternative supplies and heightening concerns about food inflation and hunger.
Grain exports from Russia will probably be on hold for at least the next couple of weeks, the local association said on Friday, after turmoil erupted in the Black Sea. Ukrainian ports have been closed since Thursday.