The Ukraine – Russian conflict likely to cause worldwide severe food shortages

Early in the war between Russia and Ukraine, United States grain analysts were relatively unconcerned about the likely impact of the war on global grain supplies. The impact was downplayed as no worse than previous supply disruptions even though this involved the Ukraine and Russia which both account for a significant share of global grain production and exports. Previous large supply disruptions had occurred in 1994, 2003, and 2018, generally due to drought in key growing areas. The sense was “it will be…
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