The World’s Next Food Emergency Is Here as War Compounds Hunger Crisis
Russia’s invasion of Ukraine threatens supplies for key crops and fertilizers.
Combine harvesters unload harvested wheat grain into a truck near Stavropol, Russia.
Source: Bloomberg
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Russia’s invasion of Ukraine means the food inflation that’s been plaguing global consumers is now tipping into a full-blown crisis, potentially outstripping even the pandemic’s blow and pushing millions more into hunger.
Together, Russia and Ukraine account for a whopping portion of the world’s agricultural supplies, exporting so much wheat, corn, sunflower oil and other foods that it adds up to more than a tenth of all calories traded globally. Now, shipments from both countries have virtually dried up.