There is a great talk about global food crisis fueled by the war in East Europe, as Ukraine plays a major role in the global food system. So while the Ukraine-Russia war directly threatens global food security, wheat prices hit record high in recent days. According to Wionews.com, Russia and Ukraine are two of the top wheat exporters, with respectively 17% and 10% of global export.
The big question is when will wheat prices come down? Russia and Ukraine have been exchanging accusations over obstructing the movement of wheat shipment through the Black Sea. In my opinion this is a false problem rather than a real barrier, which can't be solved thanks to Intermodal transfer.
With regards to Ukraine, the wheat could be shipped from the two ports of Costanta (Romania) and Varna (Bulgaria), considering there is an efficient railway system from Odesa (Ukraine) to the two towns just mentioned. Intermodal transfer may involve rail and ship, due to the fact that the four biggest wheat importers (Egypt, Sudan, Turkey, and Yemen) are located close to the Mediterranean area.
...one manis aggression is affecting the entire world.
ReplyDeleteTrue! Ukraine's invasion is affecting many countries ... since late February prices of oil, gas and wheat are rising sharply.
DeleteUna guerra criminale!
ReplyDeleteè anche diventata una scusa per far salire i prezzi dei cereali, anche meno del 30% della produzione mondiale viene da quella zona ... è stata fatta la stessa manovra subdola anche con i prezzi del gas, petrolio, etc.
Deleteunfortunately, disruption of transportation makes foods can't be deliver everywhere.......
ReplyDeleteRussian and Turkish defence ministers have just discussed a potential grain export corridor from Ukraine ... The world is in a mess!
DeletePutin's heinous blockades are preventing food from reaching those in need.
ReplyDeleteIn addition, millions of people have been displaced by the war!
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