3 ms·
Because it is hyperbole. Will this affect US wheat prices? Yes, because they are priced on the global market. Will it mean citizens of the US will not have e
by xrd 4y ago
Because it is hyperbole.
Will this affect US wheat prices?
Yes, because they are priced on the global market.
Will it mean citizens of the US will not have enough wheat to eat?
No, generally it won't, because the US doesn't import wheat at all.
https://www.wusa9.com/article/news/verify/the-russian-invasion-of-ukraine-is-raising-grain-prices-grocery-costs-could-go-up/65-9b211493-7818-4d04-ac63-dd79d4616ce2 https://www.wusa9.com/article/news/verify/the-russian-invasi...
Pay attention to the articles, many of them confuse global supply with exports, as if all countries need to import everything they consume. That's not true. These fluctuations will affect people and prices but the reporting is often hyperbolic and incorrect.
- codefreeordie 4y agoI was including the US among the rich countries where people won't starve, but will instead merely pay more and possibly have less choice available that they can afford. It will be in the places where people already live close to the edge where true hunger will emerge.
- xrd 4y agoThat's a good point. I'm curious if those countries which aren't overwhelmed by globalization and still produce locally will be alright. As I read the articles about where wheat importing is happening, like Indonesia, China, Japan, Vietnam, I wonder if those shortages will only affect the upper class who are buying those Western goods, while people who still use rice as their main staple will be ok. I'm not sure.
- nradov 4y agoThe US doesn't even consume that much wheat, under 300 g per person per day. But the same inflationary factors will also impact other staple crops, as well as animal feed.
- nsotelo 4y agoIt's not important because it won't affect the US?