Together, Russia and Ukraine supply more than a quarter of the world’s wheat, and are also substantial producers of barley, corn and other grains. With war threatening to cut off international shipments of wheat, economists predict it could push up demand and prices for wheat grown in other parts of the globe. “This is probably the most impactful crisis we’ve had probably since World War II, simply because this has the potential to disrupt trade patterns for quite a long time,” said Allen Featherstone, head of the department of agricultural economics at Kansas State University. “Part of it is just going to be in terms of where the infrastructure damage is, especially in the southern part of Ukraine.”
Source: Wichita Business Journal
