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Higher rates won’t impact US as much as they will impact emerging economies. Those countries will face food crisis in addition to rapidly rising debt costs. Kee
by lvl102 5y ago
Higher rates won’t impact US as much as they will impact emerging economies. Those countries will face food crisis in addition to rapidly rising debt costs. Keep an eye on this because we are on cusp of civil unrests across the globe.
- UncleOxidant 5y agoWar in Ukraine will have a much larger effect. Something like ~25% of global wheat supply comes from Ukraine and Russia. There won't be any planting to speak of in Ukraine this spring. And Russian wheat is pretty much off the world market.
- lvl102 5y agoYes, it went from bad to insurmountable in many poor parts of the world and not enough people are talking about it if any.
- cjbgkagh 5y agoI’ve heard from Russian sources (so take with grain of salt) that they’ve avoided the center of Ukraine to allow locals to plant food. So maybe some planting may take place.
- selimthegrim 5y agoI am sure Dubai will trade it
- kcb 5y ago> Something like ~25% of global wheat supply comes from Ukraine and Russia Global wheat exports not supply. Global wheat exports is a relatively small proportion of overall global wheat production.