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War in Ukraine Wreaks Havoc on $120 Billion Global Grains Trade

A worker handles wheat grain delivered to the Big Mills of The South flour milling facility in Chouf, Lebanon.

A worker handles wheat grain delivered to the Big Mills of The South flour milling facility in Chouf, Lebanon.

Russia’s invasion of Ukraine is causing chaos in the $120 billion global grains trade. 

Soaring freight costs, port closures and supply-chain constraints have slammed exports from the Black Sea. With the war threatening more than a quarter of the world’s wheat shipments and about a fifth of corn, the world is at risk of more severe food shortages and worsening hunger.