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Ukraine exports quite a bit of wheat and corn. They probably won't be able to grow enough to export this year because it's a warzone. Egypt, a country of 100 mi
by theandrewbailey 5y ago
Ukraine exports quite a bit of wheat and corn. They probably won't be able to grow enough to export this year because it's a warzone. Egypt, a country of 100 million people, gets most of its wheat from Ukraine and Russia, and Russia isn't exporting any, either.[0]
First, GPUs went up in price, then gas, next is grains. Stock up while you can.
[0] https://theconversation.com/in-egypt-where-a-meal-isnt-complete-without-bread-war-in-ukraine-is-threatening-the-wheat-supply-and-access-to-this-staple-food-179361 https://theconversation.com/in-egypt-where-a-meal-isnt-compl...
- HarryHirsch 5y agoAlso, the Chinese wheat crop isn't looking good due to excess rain last Winter, and the Oregon/Washington crop is failing due to drought in the Western US. Grains can be substituted for each other to a certain degree, so it's not unexpected that breakfast cereal would be more expensive. Not so fun fact: it's impossible to get frogspawn this year for embryology lecture. Frogspawn tends to come from California, but spawning season didn't happen due to the severe Western drought. We haven't seen the beginning of the Sixth extinction yet.
- gumby 5y agoThe amount of wheat actually traded is quite small (few percent of the global crop), with UKR’s and RUS’s adding up to only a million tons or so. I think this year’s total production is estimated to be 3-4 Mt larger than last year’s. There’s still the case that Ukraine itself needs to be fed but I think the overall demand will be straightforward to meet.