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For example, one of the food supply issues was the price of wheat after the invasion of Ukraine, which grows a lot of wheat. Futures shot through the roof.
by cbanek 2y ago
For example, one of the food supply issues was the price of wheat after the invasion of Ukraine, which grows a lot of wheat. Futures shot through the roof.
- randomdata 2y agoWhich also prompted cutting ties with Russian fertilizer – a market that was already strained due to EU shutting down fertilizer plants in the year prior. Coupled with weather events that wiped out a large portion of the US crop the year before that, along with a dash of COVID-19, and it was the perfect storm. It is really quite amazing that it was as short-lived as it was (on the wholesale side, at least).