Karen Braun
https://twitter.com/kannbwx/status/1485731277160337408?s=19Why the concern about
#Ukraine? It is a key grain exporter and it's unknown if a conflict with Russia would disrupt shipments, pressuring global food security
#Ukraine was
#China's top
#corn supplier until last year, when the U.S. took over (Ukraine had a short crop in 2020 and China's corn needs rose drastically). Is China confident Ukr can supply? Can Ukr ship China's purchases? Will U.S. supplies have to sub in? All valid questions.
This is the focus of the U.S. corn market, but beyond that, countries where food security is a top concern - in the Middle East and North Africa - rely heavily on Ukraine's exports. Disruptions in that trade, if severe enough, could have dire consequences for those citizens.
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Ukraine crisis sends grain prices soaring, threatens food security -
Nikkei Asia
https://asia.nikkei.com/Politics/Ukraine-crisis/Ukraine-crisis-sends-grain-prices-soaring-threatens-food-securityFood prices could soar even higher if conflict were to break out between Russia & Ukraine, top producers of corn & wheat that are a staple to billions around the world, and raise the specter of runaway inflation & political instability in the Middle East.