Russia’s invasion of Ukraine, often called the “breadbasket of Europe,” has driven wheat prices to 14-year highs, forcing bread consumers to eat the cost.
Russia’s Feb. 24 invasion has severely hampered trade from Black Sea ports, driving up global Chicago benchmark wheat prices by 40 per cent and further pushing global food inflation that was already the highest in a decade.
Supply disruptions from Russia and Ukraine, which together account for 30 per cent of world wheat exports and 20 per cent of corn exports, will erode food security for millions of people, with the Middle East and north Africa especially vulnerable due
