Russia and Ukraine account for 29% of global wheat trade.

If that wheat stops moving, global food supply gets REAL interesting, real fast.

#wheat #russia #ukraine

BREAKING: Ports close in Ukraine, and just like that, grain exports to much of the world stop:

Ukraine's military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president's chief of staff said, stoking fear of supply disruption from the leading grain and oilseeds exporters.

Russia earlier suspended the movement of commercial vessels in the Azov Sea until further notice, but kept Russian ports in the Black Sea open for navigation, its officials and five grain industry sources said on Thursday.

Ukraine is a major exporter of corn (maize), much of it destined for China and the European Union. It also competes with Russia to supply wheat to major buyers such as Egypt and Turkey.

#wheat #ukraine

https://www.reuters.com/world/europe/russia-halts-vessel-movement-azov-sea-black-sea-open-2022-02-24/

The window for planting is closing in #Ukraine.

#wheat #corn #FoodShortages