{"id":125830,"date":"2022-03-07T04:01:26","date_gmt":"2022-03-07T04:01:26","guid":{"rendered":"https:\/\/fin2me.com\/?p=125830"},"modified":"2022-03-07T04:01:26","modified_gmt":"2022-03-07T04:01:26","slug":"russian-war-in-worlds-breadbasket-threatens-food-supply","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/russian-war-in-worlds-breadbasket-threatens-food-supply\/","title":{"rendered":"Russian war in world's 'breadbasket' threatens food supply"},"content":{"rendered":"
Ned Davis Chief US Strategist Ed Clissold and Aegon Asset Management Chief Macro Strategist Frank Rybinski discuss the impact of the Russia-Ukraine crisis on the Federal Reserve’s rate hikes decision and U.S. markets.<\/p>\n
BARCELONA, Spain — The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as the "breadbasket of the world."<\/p>\n
Ukrainian farmers have been forced to neglect their fields as millions flee, fight or try to stay alive. Ports are shut down that send wheat and other food staples worldwide to be made into bread, noodles and animal feed. And there are worries Russia, another agricultural powerhouse, could have its grain exports upended by Western sanctions.<\/p>\n
While there have not yet been global disruptions to wheat supplies, prices have surged 55% since a week before the invasion amid concerns about what could happen next. If the war is prolonged, countries that rely on affordable wheat exports from Ukraine could face shortages starting in July, International Grains Council director Arnaud Petit told The Associated Press.<\/p>\n
RUSSIA INVADES UKRAINE: LIVE UPDATES<\/strong><\/p>\n